===== SIDA 1 ===== INTERIM REPORT JANUARY–MARCH 2025 Protecting the Essential Protecting the Essential Protecting ===== SIDA 2 ===== First quarter 2025 – A solid quarter with record results • Net sales for the quarter increased 8 percent to sek 8,866 m (8,234). This was the highest net sales reported for a single quarter. Organic sales increased 1 percent compared with the preceding year, structural changes increased sales by 6 percent while translation of currency increased sales by 1 percent compared with the preceding year. • EBITA, excluding items affecting comparability, increased 8 percent to sek 1,616 m (1,490). Earnings were the highest to date for a quarter. The EBITA margin was 18.2 percent (18.1). • Items affecting comparability for the quarter totaled sek -61 m (-55) and pertained to restructuring costs. • EBITA, including items affecting comparability, amounted to sek 1,555 m (1,435) for the quarter. • Earnings per share, excluding items affecting comparability, amounted to sek 4.28 (4.23), up 1 percent. • For the Group as a whole, earnings per share were sek 4.08 (4.06). • Operating cash flow amounted to sek 821 m (718), up 14 percent. • The cash conversion ratio for the most recent 12-month period was 90 percent (95). • The key figures in this report relate to continuing operations, unless otherwise stated. 2 (36) Published on April 24, 2025 | TRELLEBORG AB – INTERIM REPORT JANUARY–MARCH 2025 ===== SIDA 3 ===== A solid quarter with record results The first quarter of the year developed well and in line with our expectations. Net sales rose 8 percent, resulting in the highest sales for an individual quarter. Organic sales increased 1 percent compared with the preceding year, acquisitions contributed 6 percent, and translation of currency increased sales by 1 percent. EBITA, excluding items affecting comparability, increased 8 percent, corresponding to a margin of 18.2 percent (18.1). Earn- ings were the highest to date for a single quarter. Cash flow developed well, and the cash conversion ratio for the last twelve- month period was a solid 90 percent. Despite the turbulence and increased uncertainty in the macro- economic environment, all business areas delivered in line with our expectations. Once again, we demonstrated that Trelleborg is a more stable and profitable Group today than a few years ago. We benefit significantly from our operating model and flexible structure, allowing the Group to quickly adjust and offset substan- tial economic fluctuations. Organic sales for Trelleborg Industrial Solutions increased a couple of percentage points. Diversified industrials reported a mixed development. Some sub-segments, such as marine solu- tions and LNG projects, as well as sealing solutions for water infrastructure, reported strong growth. However, sales to other sub-segments remained weak, particularly for seals to the construction industry, which were impacted by the continued soft North American market. The trend for deliveries to automotive manufacturers was subdued in all markets. Despite the mixed performance, the business area achieved its highest operating profit and margin to date for a single quarter. Trelleborg Medical Solutions noted a satisfactory increase in organic sales during the quarter, while the integration of Baron Group had a substantial positive impact on the business area’s profitability. During the period, the European medtech market was the main driver behind the increase in sales, but the life science segment also demonstrated robust growth. However, our North American market for polymer solutions for the medtech segment is still cautious. Organic sales for Trelleborg Sealing Solutions were unchanged year-on-year. The implementation of acquisitions provided a sales increase of 5 percent. Sales to diversified industrials segments declined in Europe, although the decline was particularly notable in North America. This was mainly due to weaker deliveries to the construction and agricultural machinery industries. Sales in Asia increased in most segments. Deliveries to the automotive industry had a weaker development in all markets. Sales to the aerospace industry demonstrated continued good growth globally. Operating profit was maintained at the same level as in the preceding year, although the margin declined slightly as a result of lower sales volumes and acquisitions with initially lower margins. Our assessment is that the direct effects of tariffs will have a limited impact on the Group’s development. Trelleborg operates a ‘local-for-local’ production model, which means that most of what we produce in a region is sold within that region. We are well prepared to address the challenges from tariffs through strategic production optimization, regional localization, proactive price management and global flexibility. It is more difficult to estimate the indirect impact, meaning the extent to which our customers will be affected. The current weakening of established trade relations is creating greater uncertainty than we have seen for some time. The ground rules are changing almost every week, and this makes it difficult to give a reliable outlook. Order intake for the quarter was higher than for the preceding period, which would normally indicate that demand for our solutions is steadily improving. However, the high level of uncertainty means our general assessment is that demand in the second quarter will be on a par with the first quarter. Peter Nilsson, President and CEO 3 (36) Published on April 24, 2025 | TRELLEBORG AB – INTERIM REPORT JANUARY–MARCH 2025 ===== SIDA 4 ===== Market outlook for the second quarter of 2025 Market outlook from the interim report published on January 29, 2025, relating to the fi r s t quarter of 2025 Demand is expected to be on a par with the fourth quarter of 2024, adjusted for seasonal variations. The geopolitical situation entails continued uncertainty. Demand is expected to be on a par with the fi r s tquarter of 2025, adjusted for seasonal variations. Due to the geopolitical situation, the outlook is associated with unusually high uncertainty. 4 (36) Published on April 24, 2025 | TRELLEBORG AB – INTERIM REPORT JANUARY–MARCH 2025 ===== SIDA 5 ===== Net sales and result Net sales Net sales for the first quarter of 2025 amounted to sek 8,866 m (8,234), an increase of 8 percent. Organic sales increased 1 percent compared with the preceding year, structural changes increased sales by 6 percent while translation of currency increased sales by 1 percent. Sales per market Organic sales in Europe decreased 5 percent year-on-year. Organic sales in North and South America increased 3 percent compared with the year-earlier period. Organic sales in Asia and Other markets increased by 10 percent year-on-year. EBITA, excluding items affecting comparability EBITA amounted to sek 1,616 m (1,490), an increase of 8 percent. The EBITA margin was 18.2 percent (18.1). The exchange rate effect from translation of foreign subsid- iaries on EBITA, excluding items affecting comparability, had a positive effect of sek 5 m on earnings compared with the year- earlier period. Items affecting comparability for the quarter totaled sek -61 m (-55) and pertained to restructuring costs. Including items affecting comparability, EBITA for the quarter amounted to sek 1,555 m (1,435). EBIT EBIT , including items affecting comparability, amounted to sek 1,401 m (1,324), an increase of 6 percent. Financial income and expenses Financial income and expenses amounted to sek -144 m (-20). The comparison figure for the preceding year included interest income of sek 86 m relating to the Group’s net cash position at that time. The higher level of net debt has resulted in increased interest expenses compared with the year-earlier period. Net profit Net profit was sek 941 m (980). The tax rate for the quarter was 25 percent (25). The underlying tax rate is expected to amount to 25 percent on a full year basis. Earnings per share Earnings per share, excluding items affecting comparability, amounted to sek 4.28 (4.23), up 1 percent. For the Group as a whole, earnings per share were sek 4.08 (4.06). The key figures in this report relate to continuing operations, unless otherwise stated. Continuing operations pertains to the business areas Trelleborg Industrial Solutions, Trelleborg Medical Solutions, Trelleborg Sealing Solutions and Group Activities. 5 (36) Published on April 24, 2025 | TRELLEBORG AB – INTERIM REPORT JANUARY–MARCH 2025 ===== SIDA 6 ===== sek m Q1 2025 Q1 2024 Change, % R12 2025 12M 2024 Continuing operations Net sales 8,866 8,234 8 34,802 34,170 Change total, % 8 −5 3 0 Organic sales, % 1 −3 1 0 Structural change, % 6 −2 3 1 Currency effects, % 1 0 −1 −1 EBITA, excluding items affecting comparability 1,616 1,490 8 6,266 6,140 EBITA-margin, % 18.2 18.1 18.0 18.0 Items affecting comparability −61 −55 −321 −315 EBITA 1,555 1,435 8 5,945 5,825 Amortization of surplus values related to acquisitions −154 −111 −39 −581 −538 EBIT 1,401 1,324 6 5,364 5,287 Financial income and expenses −144 −20 −620 −421 −297 Profit before tax 1,257 1,304 −4 4,943 4,990 Taxes −316 −324 2 −1,246 −1,254 Net profit, continuing operations 941 980 −4 3,697 3,736 Net profit, discontinuing operations - - - - Net profit, Group 941 980 3,697 3,736 Earnings per share, sek Continuing operations 4.08 4.06 0 15.75 15.73 Discontinuing operations - - - - Group 4.08 4.06 0 15.75 15.73 Continuing operations, excluding items affecting comparability 4.28 4.23 1 16.79 16.74 Net sales and result Key figures and trends 0 2,500 5,000 7,500 10,000 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q1 2025 Q4 2024 Q3 2024 Q2 2024 quarter (LHS) quarter R12 (LHS) 0 10,000 20,000 30,000 40,000 0 450 900 1,350 1,800 16 17 18 19 20 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q1 2025 Q4 2024 Q3 2024 Q2 2024 quarter (LHS) quarter R12 (LHS) 0 500 1,000 1,500 2,000 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q1 2025 Q4 2024 Q3 2024 Q2 2024 quarter (LHS) quarter R12 (LHS) 0 1,400 2,800 4,200 5,600 0.0 1.5 3.0 4.5 6.0 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q1 2025 Q4 2024 Q3 2024 Q2 2024 quarter (LHS) quarter R12 (LHS) 0.0 4.5 9.0 13.5 18.0 Net sales, sek m EBITA, excl. items aff. comparability, sek m/EBITA % R12 Operating cash flow, sek m Earnings per share, excl items aff. comparability, sek 6 (36) Published on April 24, 2025 | TRELLEBORG AB – INTERIM REPORT JANUARY–MARCH 2025 ===== SIDA 7 ===== % R12 2025 R12 2024 Return on capital employed, continuing operations Excluding items affecting comparability 11.8 12.7 Including items affecting comparability 11.2 11.4 Return on equity, Group Excluding items affecting comparability 9.6 25.2 Including items affecting comparability 9.0 23.7 Return on capital employed and return on equity Capital employed Capital employed for continuing operations increased year-on-year and amounted to sek 46,803 m (42,683) at the end of the quarter, mainly due to completed acquisitions. Return on capital employed for the most recent 12-month period, excluding items affecting comparability, was 11.8 percent (12.7). Return on capital employed, including items affecting comparability, for the corresponding period was 11.2 percent (11.4). Shareholders’ equity Shareholders’ equity at the close of the period amounted to sek 38,904 m (43,072), impacted nega- tively by translation differences and the repurchase of own shares and impacted positively by net profit for the year. Trelleborg repurchased a total of 2,496,018 Series B shares in 2025, corresponding to sek 1,019 m. The number of treasury shares remaining from 2024 was 9,094,230. The number of treasury shares amounted to 11,590,248 (14,773,278) on the balance sheet date. This corre- sponds to 4.8 percent of the shares outstanding, which amounted to 241,547,186 on the balance sheet date. Equity per share amounted to sek 169 (179), based on the number of outstanding shares less treasury shares on the balance sheet date (229,956,938 shares). The equity/assets ratio was 67 percent (72). The return on shareholders’ equity for the Group for the most recent 12-month period, excluding items affecting comparability, totaled 9.6 percent (25.2). The return on shareholders’ equity for the Group, including items affecting comparability, amounted to 9.0 percent (23.7) for the corresponding period. Both rolling 12-month returns on investment measures for the comparison period were affected by the capital gain attributable to the divestment of the Group’s tire and printing blanket operations, which were finalized in the second quarter of 2023. 7 (36) Published on April 24, 2025 | TRELLEBORG AB – INTERIM REPORT JANUARY–MARCH 2025 ===== SIDA 8 ===== Operating cash flow Operating cash flow for the quarter amounted to sek 821 m (718), up 14 percent, despite the somewhat higher pace of capital expenditures in new production plants. Cash flow was positively affected by the higher earnings generation while normal seasonal variations in working capital had a negative impact. The cash conversion ratio for the most recent 12-month period was 90 percent (95). Free cash flow Free cash flow for the quarter amounted to sek 315 m (194). Net cash flow amounted to sek -1,336 m (-891). Net cash flow for the period was impacted by effects from acquisitions of sek -632 m (-) and the repurchase of own shares for sek -1,019 m (-1,085). Net debt Net debt at the end of the quarter amounted to sek -6,733 m (939) and was impacted by net cash flow for the period of sek -1,336 m, positive exchange rate differences on net debt in local currencies of sek 1,250 m (-846) and non-cash adjustments of lease and pension liabilities totaling sek 88 m (-6). The debt/equity ratio was 17 percent (-2). Net debt in relation to EBITDA was 0.9 (-0.1). Cash flow and net debt 8 (36) Published on April 24, 2025 | TRELLEBORG AB – INTERIM REPORT JANUARY–MARCH 2025 ===== SIDA 9 ===== sek m Q1 2025 Q1 2024 Change, % R12 2025 12M 2024 EBIT , excluding items affecting comparability 1,462 1,379 6 5,685 5,602 Depreciation/write-down, property, plant and equipment 345 322 7 1,350 1,327 Amortization/write-down, intangible assets 175 133 32 662 620 EBITDA 1,982 1,834 8 7,697 7,549 Capital expenditure −419 −361 −16 −1,941 −1,883 Sold non-current assets 40 5 700 88 53 Amortization of lease liabilities −92 −85 −8 −354 −347 Change in working capital −688 −671 −369 −352 Dividend from associated companies 0 - 1 1 Non cash-flow affecting items −2 −4 −8 −10 Operating cash flow, continuing operations 821 718 14 5,114 5,011 Cash conversion ratio R12, % 90 95 90 89 Operating cash flow, discontinuing operations - - - - Operating cash flow, Group 821 718 14 5,114 5,011 Cash flow and net debt sek m Q1 2025 Q1 2024 12M 2024 Net debt Group, opening balance −6,735 2,682 2,682 Operating cash flow 821 718 5,011 Cash impact from items affecting comparability −71 −72 −334 Financial items −149 −106 −365 Paid tax −286 −346 −1,395 Free cash flow 315 194 2,917 Acquisitions −632 - −5,496 Dividend - equity holders of the parent company - - −1,617 Repurchase own shares −1,019 −1,085 −4,127 Sum net cash flow −1,336 −891 −8,323 Exchange rate differences 1,250 −846 −959 Lease liability1 52 18 −72 Pension liability1 36 −24 −63 Net debt Group, closing balance −6,733 939 −6,735 Of which: Pension liability −365 −367 −421 Lease liability −1,709 −1,668 −1,851 Net debt, excluding effect of lease and pension liability −4,659 2,974 −4,463 Debt/equity ratio, % 17 −2 16 Net debt/EBITDA 2 0.9 −0.1 0.9 1 Pertains to non-cash items. 2 EBITDA including items affecting comparability. 9 (36) Published on April 24, 2025 | TRELLEBORG AB – INTERIM REPORT JANUARY–MARCH 2025 ===== SIDA 10 ===== Sustainability Lower climate impact Carbon dioxide emissions for Scope 1 and 2 for the quarter declined 8 percent compared with the year-earlier period and amounted to 16,862 metric tons (18,289). This positive trend was mainly driven by increased efficiency from energy excellence projects and greater use of renewable and fossil-free energy. The proportion of renewable and fossil-free electricity in the quarter was on a par with the year-earlier period, totaling 91 percent (91). Social engagement Trelleborg actively participates in the local communities where the Group operates. The focus is on promoting education and physical activity among children and young people. Examples of community involvement include Trelleborg’s support for the US organization “Blessings in a Backpack” in Fort Wayne, Indiana, which provides children in need of food with after-school meals. In Halesowen, UK, our plant has provided a school with learning materials for sustainability studies. tons CO₂ tons CO₂, R12 0 10,000 20,000 30,000 quarter (VS) quarter R12 (HS) Q1 2024 Q1 2025Q4 2024Q3 2024Q2 2024 0 40,000 80,000 120,000 0 20,000 40,000 60,000 80,000 100,000 MWh, CO₂ R12, % Renewable and fossil-free electricity, quarterly Total electricity, quarterly Renewable and fossil-free electricity / total electricity, R12 Q1 2024 Q1 2025Q4 2024Q3 2024Q2 2024 0 20 40 60 80 100 Carbon dioxide emissions in Scope 1 and 2 Renewable and fossil-free electricity 10 (36) Published on April 24, 2025 | TRELLEBORG AB – INTERIM REPORT JANUARY–MARCH 2025 ===== SIDA 11 ===== Excluding items affecting comparability, sek m Q1 2025 Q1 2024 Change, % R12 2025 12M 2024 Net sales 3,890 3,721 5 15,486 15,317 Change total, % 5 −3 2 0 Organic sales, % 2 −3 2 0 Structural change, % 2 1 1 1 Currency effects, % 1 −1 −1 −1 EBITA 645 613 5 2,475 2,443 EBITA, % 16.6 16.5 16.0 16.0 Capital employed, closing balance 13,898 13,816 13,898 14,315 Return on capital employed R12, % 16.5 17.0 −3 16.5 16.5 Trelleborg Industrial Solutions BUSINESS AREA Trelleborg Industrial Solutions is a leading supplier of polymer-based critical solutions in selected industrial applications and infrastructure projects The organic sales increased by 2 percent compared to the corresponding period last year. Acquisitions contributed to a sales increase of 2 percent. The development within diversified industrials was mixed. Some sub-segments, such as marine solutions and LNG projects as well as sealing solutions for water infrastruc- ture, showed strong growth. However, sales to other sub-segments remained weak, particularly seals for the construction industry, which were affected by the continued declining market in North America. Deliveries to vehicle manufac- turers showed a subdued development in all markets. EBITA and the EBITA margin increased year-on- year, primarily due to operational and structural improvements in combination with a positive sales mix. This was the highest operating profit and margin to date for a single quarter. Exchange rate effects from the translation of foreign subsidiaries had a positive impact of sek 3 m on EBITA compared to the preceding year. Europe 47% Asia, rest of the world 24% North and South America 29% Healthcare & medical 2% Automotive 8% Diversi/f_ied industrials 85% Aerospace 5% Sales per geography 1 Sales per industry 1 1 Net sales per geographic market and per industry are based on full year 2024. 11 (36) Published on April 24, 2025 | TRELLEBORG AB – INTERIM REPORT JANUARY–MARCH 2025 ===== SIDA 12 ===== Trelleborg Medical Solutions BUSINESS AREA Organic sales increased 5 percent year-on-year. Acquisitions provided a sales increase of 38 percent. Sales of polymer solutions to the medtech market in Europe performed well, while sales to North America and Asia were some- what weaker. Deliveries to the life science segment increased. EBITA and the EBITA margin increased signifi- cantly year-on-year, primarily as a result of the acquisition and integration of Baron Group. Exchange rate effects from the translation of foreign subsidiaries had a positive impact of sek 2 m on EBITA compared to the preceding year. Sales per geography 1 Sales per Industry 1 Excluding items affecting comparability, sek m Q1 2025 Q1 2024 Change, % R12 2025 12M 2024 Net sales 848 583 45 3,268 3,003 Change total, % 45 −11 30 16 Organic sales, % 5 −11 2 −2 Structural change, % 38 0 28 19 Currency effects, % 2 0 0 −1 EBITA 171 82 109 618 529 EBITA, % 20.2 14.0 18.9 17.6 Capital employed, closing balance 9,559 5,814 9,559 10,339 Return on capital employed R12, % 4.5 4.7 −4 4.5 4.6 Trelleborg Medical Solutions is a leading global supplier of polymer-based integrated solutions for medical technology and life science Europe 18% Asia, rest of the world 18% North and South America 64% Healthcare & medical 100% 1 Net sales per geographic market and per industry are based on full year 2024. 12 (36) Published on April 24, 2025 | TRELLEBORG AB – INTERIM REPORT JANUARY–MARCH 2025 ===== SIDA 13 ===== Trelleborg Sealing Solutions BUSINESS AREA Organic sales were unchanged year-on-year. Acquisitions provided a sales increase of 5 percent. Sales to the Industrials segment declined in Europe, although the decline was particularly notable in North America. This was mainly due to weaker deliveries to the construc- tion and agricultural machinery industries. Sales in Asia showed stable growth. Deliveries to the automotive industry had a weaker development in all markets. Sales to the aerospace industry demonstrated continued good growth globally. EBITA was essentially unchanged while the EBITA margin decreased year-on-year. The lower margin was in part the result of lower volumes, but was also impacted by acquisitions with initially lower margins. Adjustments to the cost structure are continuing as a response to the lower levels of demand in certain market segments. Exchange rate effects from the trans- lation of foreign subsidiaries were unchanged compared to the preceding year. Sales per geography 1 Sales per industry 1 Excluding items affecting comparability, sek m Q1 2025 Q1 2024 Change, % R12 2025 12M 2024 Net sales 4,343 4,102 6 16,911 16,670 Change total, % 6 −3 4 1 Organic sales, % 0 −2 1 1 Structural change, % 5 0 3 1 Currency effects, % 1 −1 0 −1 EBITA 868 864 0 3,432 3,428 EBITA, % 20.0 21.1 20.3 20.6 Capital employed, closing balance 24,179 24,021 24,179 25,741 Return on capital employed R12, % 12.8 13.6 −6 12.8 13.0 Trelleborg Sealing Solutions is a leading global supplier of polymer-based critical sealing solutions and components deployed in aerospace, automotive and diversified industrials Europe 45% Asia, rest of the world 23% North and South America 32% Aerospace 19% Automotive 28% Diversi/f_ied industrials 53% 1 Net sales per geographic market and per industry are based on full year 2024. 13 (36) Published on April 24, 2025 | TRELLEBORG AB – INTERIM REPORT JANUARY–MARCH 2025 ===== SIDA 14 ===== Events during the quarter Trelleborg finalizes acquisition of pipe repair specialist in North America The Trelleborg Group has, through its Trelleborg Industrial Solu- tions business area, finalized the acquisition of the US-based pipe repair specialist NuFlow Technologies. NuFlow, headquartered in Escondido, California, manufac- tures specialist liners, resins, and equipment for small-diameter pipe repair. Manufacturing is conducted in Ajax, Ontario, Canada. The business offers repair solutions for lateral and building inte- rior pipes for residential and commercial segments. Sales in 2024 amounted to approximately sek 180 m. The transaction was consolidated on February 28, 2025. The press release announcing the acquisition was published on February 14, 2025. In May 2024, Trelleborg acquired the Finnish pipe repair specialist Boldan, thereby strengthening its position in the Nordic region. Bolt-on acquisitions in combination with investments in existing operations are in line with the Group’s strategy to increase exposure to water infrastructure. This industry is fore- cast to grow strongly over the coming years as utility companies and civic authorities address neglected critical infrastructure. Acquisition strengthens Trelleborg’s aerospace offering Trelleborg Group, through its Trelleborg Sealing Solutions business area, has signed an agreement to acquire the US company Aero- Plastics Inc. The company specializes in attractive, high-perfor- mance plastics and interior segments for the aerospace industry. Aero-Plastics was founded 80 years ago and is based in Renton, Washington, USA. The company offers expertise in preci- sion injection molding, thermoforming, and machining of high- performance polymer materials. The company delivers complete solutions that simplify customer supply chains through value- added services such as assembly, engraving, and specialized painted coatings. Sales in 2024 amounted to approximately sek 150 m. The global aerospace industry is in a growth phase that is expected to continue for many years. In addition to investments in Trelleborg’s operations, the acquisition of Magee Plastics, a company focused on thermoplastic solutions for the aerospace industry, was finalized in December 2024. A new state-of-the-art facility in Morocco dedicated to producing sealing solutions for the aerospace industry will also be inaugurated at the end of 2025. The transaction was consolidated on April 10, 2025. The press release was published on January 31, 2025. Trelleborg’s acquisition of a specialist sealings distributor in the US finalized Trelleborg Group has finalized the acquisition of US company CRC Distribution. The company is a specialist distributor in polymer sealing solutions and related value-added services in hydraulics, hydropower, oil and gas, as well as for pumps and compressors. CRC Distribution is based in Robertsdale, Alabama, in the US. Its business is focused primarily on the domestic market but has recently expanded into the Mexican market. The company gener- ates annual external sales of just over sek 170 m. The transaction was consolidated on January 9, 2025. The press release regarding the acquisition was published on October 21, 2024. Events after the end of the quarter Trelleborg acquires sealing profiles specialist Trelleborg Group, through its Trelleborg Industrial Solutions busi- ness area, has signed an agreement and finalized the acquisition of National Gummi AB from the Swedish industrial group National. The business portfolio comprises extruded rubber profiles and gaskets for niche construction, industrial and automotive applica- tions. Sales in 2024 amounted to just over sek 150 m, principally in Northern Europe. Production operations are located in Halm- stad, Sweden. The acquisition forms part of Trelleborg’s strategy to develop leading positions within attractive segments. National’s operations outside extruded rubber profiles and gaskets are not included in this transaction and will remain part of the National group. The transaction was consolidated on April 2, 2025, the same day the press release was published. 14 (36) Published on April 24, 2025 | TRELLEBORG AB – INTERIM REPORT JANUARY–MARCH 2025 ===== SIDA 15 ===== Other news Hyundai signs agreement for Trelleborg’s navigation system. Trelleborg, a leader in mooring and berthing solutions, has signed an agreement with Hyundai Heavy Industries in South Korea to deliver SafePilot P3 navigation systems for 71 vessels. Since its launch in December 2022, over 2,500 units have been sold globally. The agreement strengthens Trelleborg’sposition in the Asian market and highlights the increasing demand for advanced navigation technology. Trelleborg’s seal draws great inter- est at WindEurope 2025 Trelleborg’sIRIS seal, used between offshore wind turbine transition pieces and their founda- tion, drew signifi cantattention at the WindEu- rope 2025 exhibition in Copenhagen, held this April. The seal’s innovative design eliminates the need for costly welded steel components in many cases. This advancement aims to reduce the cost of constructing offshore wind power and support growth within the industry. Trelleborg partners with Nottingham Trent University for smart medical textiles Trelleborg, a leader in engineered polymer-coated fabrics, secured a Knowledge Transfer Partner- ship with Nottingham Trent University to ad- vance smart medical textiles. This collaboration, part-funded by Innovate UK, aims to develop a smart mattress system to enhance patient care and reduce medical interventions. Trelleborg launches new seal for EV motors Trelleborg introduces the Stefa® HiSpin® EV40, a high-performance elastomer radial shaft seal designed for electric vehicle motors. Featuring proprietary technology, it ensures superior low- friction sealing and durability at high speeds, meeting the demands of modern EV applica- tions. This innovation sets a new standard in EV motor sealing solutions. 15 (36) Published on April 24, 2025 | TRELLEBORG AB – INTERIM REPORT JANUARY–MARCH 2025 ===== SIDA 16 ===== Risks and uncertainties Trelleborg serves a broad range of customers in a variety of industries and niches. The business has a wide geographic spread. The Group has operations in around 40 countries, sales are conducted in just over 140 countries worldwide and manufacturing operations are carried out at approximately 100 production units. The business is diversified geographically and within a number of industries, which provides Trelleborg with an effective underlying risk spread. Demand for the Group’s products and solutions largely moves in line with fluctuations in global industrial production. The Group focuses on industries and geographies with good growth that can deliver consistent results even when negative economic fluctuations occur in individual industries. Long-term risks Trelleborg has identified the relevant areas based on strategic risks, operational risks, regulatory compliance risks, and financial risks that may result in damage or loss with substantial impact on the entire Group and, therefore, justify management of the risk exposure at Group level. For information regarding the Group’s risks, risk exposure and risk management, refer to the latest Trelleborg Annual Report, www.trelleborg.com. Short-term risks The recently imposed tariffs from the US and the tariffs in response from other countries have a limited direct impact on Trelleborg since its business model is built on regional production for a regional market. Our global presence also facilitates shifts in production to avoid tariffs. The starting point is to offset cost increases, owing to tariffs that cannot be avoided, with price increases. However, indirect impacts of these tariffs such as disruptions in the supply chain and increased costs of raw materials could negatively affect the business. Even the uncertainty that these tariffs are creating could impact global economic activity. 16 (36) Published on April 24, 2025 | TRELLEBORG AB – INTERIM REPORT JANUARY–MARCH 2025 ===== SIDA 17 ===== Income Statements, sek m Q1 2025 Q1 2024 R12 2025 12M 2024 Net sales 8,866 8,234 34,802 34,170 Cost of goods sold −5,476 −5,239 −21,967 −21,730 Gross profit 3,390 2,995 12,835 12,440 Selling expenses −660 −633 −2,556 −2,529 Administrative expenses −893 −801 −3,471 −3,379 Research and development costs −192 −173 −729 −710 Other operating income 110 142 564 596 Other operating expenses −292 −154 −959 −821 Profit from associated companies −1 3 1 5 EBIT, excluding items affecting comparability 1,462 1,379 5,685 5,602 Items affecting comparability −61 −55 −321 −315 EBIT 1,401 1,324 5,364 5,287 Financial income and expenses −144 −20 −421 −297 Profit before tax 1,257 1,304 4,943 4,990 Tax −316 −324 −1,246 −1,254 Net profit, continuing operations 941 980 3,697 3,736 Net profit, discontinuing operations - - - - Net profit, Group 941 980 3,697 3,736 - equity holders of the parent company 941 980 3,698 3,737 - non-controlling interest - 0 −1 −1 Condensed Income Statements Earnings per share, sek1 Q1 2025 Q1 2024 R12 2025 12M 2024 Continuing operations 4.08 4.06 15.75 15.73 Discontinuing operations - - - - Group 4.08 4.06 15.75 15.73 Group, excluding items affecting comparability 4.28 4.23 16.79 16.74 Continuing operations, excluding items affecting comparability 4.28 4.23 16.79 16.74 1) No dilution effects arose. 17 (36) Published on April 24, 2025 | TRELLEBORG AB – INTERIM REPORT JANUARY–MARCH 2025 ===== SIDA 18 ===== Condensed Income Statements Statements of comprehensive income, sek m Q1 2025 Q1 2024 R12 2025 12M 2024 Net profit, Group 941 980 3,697 3,736 Other comprehensive income Items that will not be reclassified to the income statement Reassessment of net pension obligation 36 −24 −3 −63 Income tax relating to components of other comprehensive income −6 5 1 12 Total 30 −19 −2 −51 Items that may be reclassified to the income statement Cash flow hedges 18 −20 −28 −66 Hedging of net investment 554 −431 585 −400 Translation difference −3,117 1,789 −2,809 2,097 Income tax relating to components of other comprehensive income −118 93 −115 96 Total −2,663 1,431 −2,367 1,727 Other comprehensive income, net of tax −2,633 1,412 −2,369 1,676 Total comprehensive income −1,692 2,392 1,328 5,412 Total comprehensive income attributable to: - equity holders of the parent company −1,692 2,392 1,328 5,412 - non-controlling interest 0 0 0 0 18 (36) Published on April 24, 2025 | TRELLEBORG AB – INTERIM REPORT JANUARY–MARCH 2025 ===== SIDA 19 ===== Balance Sheets, sek m Mar 31 2025 Mar 31 2024 Dec 31 2024 Property, plant and equipment 8,719 8,154 9,306 Right-of-use assets 1,617 1,592 1,758 Goodwill 23,782 21,689 25,376 Other intangible assets 6,552 5,576 7,163 Participations in associated companies 57 56 57 Financial non-current assets 89 165 101 Deferred tax assets 499 525 542 Total non-current assets 41,315 37,757 44,303 Inventories 5,496 5,493 5,733 Current operating receivables 7,468 7,472 7,182 Current tax assets 1,054 997 1,048 Interest-bearing receivables 614 103 80 Cash and cash equivalents 1,918 7,937 2,162 Total current assets 16,550 22,002 16,205 Total assets 57,865 59,759 60,508 Share capital 2,620 2,620 2,620 Other capital contributions 226 226 226 Other reserves 3,748 6,115 6,411 Profi tbrought forward 31,365 33,126 28,571 Net profi tfor the year 941 980 3,737 Total 38,900 43,067 41,565 Non-controlling interests 4 5 4 Equity 38,904 43,072 41,569 Interest-bearing non-current liabilities 5,228 5,532 5,474 Other non-current liabilities 47 66 57 Pension obligations 389 388 447 Other provisions 394 423 403 Deferred tax liabilities 1,254 854 1,405 Total non-current liabilities 7,312 7,263 7,786 Interest-bearing current liabilities 3,675 1,251 3,087 Current tax liabilities 1,450 1,276 1,250 Other current liabilities 6,199 6,424 6,452 Other provisions 325 473 364 Total current liabilities 11,649 9,424 11,153 Total equity and liabilities 57,865 59,759 60,508 Condensed Balance Sheets 19 (36) Published on April 24, 2025 | TRELLEBORG AB – INTERIM REPORT JANUARY–MARCH 2025 ===== SIDA 20 ===== Attributable to shareholders of the Parent Company Non-controlling interests Total Share Capital Other capital contributions Other reserves Profit brought forward sek m Mar 31 2025 Dec 31 2024 Mar 31 2025 Dec 31 2024 Mar 31 2025 Dec 31 2024 Mar 31 2025 Dec 31 2024 Mar 31 2025 Dec 31 2024 Mar 31 2025 Dec 31 2024 Opening balance, January 1 2,620  2,620  226  226  6,411  4,684  32,308  34,192  4 5  41,569  41,727  Net profit/loss for the year - - - - - - 941  3,737  - −1 941  3,736  Other comprehensive income - - - - −2,663  1,727  30  −51  - -  −2,633  1,676  Repurchase own shares - - - - - - −1,019  −4,127  - -  −1,019  −4,127  Cancellation of own shares -  −139  - - - - -   139  - -  -  -  Bonus issue -  139  - - - - -   −139  - -  -  -  Dividend - - - - - - -   −1,617  - -  -  −1,617  Share based Long Term Incentive program - - - - - - 1  2 - -  1  2 Impact from IAS 291 - - - - - - 45  172  - -  45  172  Closing balance 2,620  2,620  226  226  3,748  6,411  32,306  32,308  4  4  38,904  41,569  Condensed Change in Equity 1 Refers to hyperinflationary accounting in operations in Türkiye. 20 (36) Published on April 24, 2025 | TRELLEBORG AB – INTERIM REPORT JANUARY–MARCH 2025 ===== SIDA 21 ===== Condensed Cash flow Statements Cash flow statements, sek m Q1 2025 Q1 2024 R12 2025 12M 2024 Operating activities EBIT incl part in associated companies 1,401 1,324 5,364 5,287 Adjustments for items not included in cash flow from operating activities: Depreciation, property, plant and equipment 250 233 990 973 Depreciation, right-of-use assets 95 88 372 365 Amortization, intangible assets 174 133 659 618 Impairment losses, property, plant and equipment and right-of-use assets 1 1 −3 −3 Impairment losses, intangible assets - - 2 2 Dividend from associated companies 0 - 1 1 Participations in associated companies and other non cash-flow affecting items −3 −4 −7 −8 Interest received 9 47 161 199 Interest paid −134 −160 −540 −566 Other financial items −24 7 −29 2 Taxes paid −286 −346 −1,335 −1,395 Cash flow from operating activities before changes in working capital 1,483 1,323 5,635 5,475 Cash flow from changes in working capital Change in inventories −113 −119 52 46 Change in operating receivables −812 −627 −133 52 Change in operating liabilities 227 58 −327 −496 Cash flow from operating activities 785 635 5,227 5,077 Investing activities Acquisitions −632 - −6,128 −5,496 Capital expenditure, property, plant and equipment −391 -335 −1,803 −1,747 Capital expenditure, intangible assets −28 −26 −138 −136 Sale of non-current assets 40 5 105 70 Cash flow from investing activities −1,011 −356 −7,964 −7,309 Financing activities New/utilized loans 1,325 2 5,379 4,056 Amortized loans −72 −1,815 −2,407 −4,150 Amortized leased liabilities −91 −85 −353 −347 Repurchase own share −1,019 −1,085 −4,061 −4,127 Dividend – equity holders of the parent company - - −1,617 −1,617 Cash flow from financing activities 143 −2,983 −3,059 −6,185 Total cash flow, continuing operations −83 −2,704 −5,796 −8,417 Total cash flow, discontinuing operations - - - - Cash flow for the period, Group −83 −2,704 −5,796 −8,417 Cash and cash equivalents At beginning of the period, continuing operations 2,162 10,546 7,937 10,546 At beginning of the period, discontinuing operations - - - - Exchange rate differences −161 95 −223 33 Cash and cash equivalents at end of period 1,918 7,937 1,918 2,162 21 (36) Published on April 24, 2025 | TRELLEBORG AB – INTERIM REPORT JANUARY–MARCH 2025 ===== SIDA 22 ===== Notes General accounting policies This report has been prepared in accordance with IAS 34 Interim Financial Reporting and the applicable rules of the Swedish Annual Accounts Act. Disclosures in accordance with IAS 34.16A appear in addition to the financial statements and their accompanying notes also in other parts of the interim report. The Parent Company applies recommendation RFR 2, Accounting for Legal Entities of the Swedish Financial Reporting Board and Chapter 9 of the Swedish Annual Accounts Act, Interim Reports. Accounting policies and calculation methods applied in this report are unchanged compared with those applied in the preparation of the annual and consolidated accounts for 2024. No new or revised IFRSs or interpretative statements applied as of January 1, 2025 had any material impact on the consolidated financial statements. For a more detailed description of the accounting policies applied for the Group and Parent Company in this interim report, refer to the 2024 Annual and Sustainability Report. At the Annual General Meeting, held in April 2024, the decision was taken to introduce a performance share program, PSP 2024/2027, which includes the President and Group Manage- ment, whereby participants invest in shares in Trelleborg AB. Each invested share entitles the holder to receive a maximum of three shares free of charge after the publication of the year-end report for the 2026 fiscal year. Allotment requires compliance with certain performance-based conditions and that the participant remains employed within the Trelleborg Group. For further information, refer to the decision taken at the Annual General Meeting on April 24, 2024. To date, the recognized costs for 2024 and 2025 are not significant. Significant events after the balance sheet date There are no events to report. Number of shares Q1 2025 Q1 2024 R12 2025 12M 2024 End of period 241,547,186 255,125,919 241,547,186 241,547,186 of which, in treasury 11,590,248 14,773,278 11,590,248 9,094,230 Average number 230,773,406 241,318,462 234,937,564 237,573,828 Repurchased own shares that are included in Number of shares Amount that affected equity, sek m the equity item Profit brought forward Mar 31 2025 Mar 31 2025 Opening repurchased own shares 9,094,230 −11,086 Purchases for the year 2,496,018 −1,019 Cancellations for the year - - Closing repurchased own shares 11,590,248 −12,105 For treasury shares, all rights are void until such time as these shares are re-issued. Repurchased shares include the cost of own shares held by the Parent Company. The number of own shares is calculated using the cash/settlement approach. Shares 22 (36) Published on April 24, 2025 | TRELLEBORG AB – INTERIM REPORT JANUARY–MARCH 2025 ===== SIDA 23 ===== Net sales and EBITA by operating segment, sek m Q1 2025 Net sales External Internal Total EBITA Of which items affecting comparability Of which profit/loss in associated companies Trelleborg Industrial Solutions 3,825 65 3,890 602 −43 −2 Trelleborg Medical Solutions 828 20 848 171 - - Trelleborg Sealing Solutions 4,213 130 4,343 850 −18 1 Group activities/Elimination - −215 −215 −68 0 - Total 8,866 - 8,866 1,555 −61 −1 Amortization of surplus values linked to acquisitions −154 Financial income 9 Financial expenses −153 Income tax −316 Net profit, continuing operations 941 Net profit, discontinuing operations - Net profit, Group 941 Net sales and EBITA by operating segment, sek m Q1 2024 Net sales External Internal Total EBITA Of which items affecting comparability Of which profit/loss in associated companies Trelleborg Industrial Solutions 3,652 69 3,721 562 −51 3 Trelleborg Medical Solutions 571 12 583 82 - - Trelleborg Sealing Solutions 4,011 91 4,102 860 −4 0 Group activities/Elimination - −172 −172 −69 - - Total 8,234 - 8,234 1,435 −55 3 Amortization of surplus values linked to acquisitions −111 Financial income 93 Financial expenses −113 Income tax −324 Net profit, continuing operations 980 Net profit, discontinuing operations - Net profit, Group 980 Notes Net sales per market continuing operations, organic growth, % Q1 2025 Q1 2024 12M 2024 Europe (44) −5 0 −2 North- and South America (33) 3 −10 −3 Asia and rest of the world (23) 10 5 11 Total (100% refer to share 2024) 1 −3 0 23 (36) Published on April 24, 2025 | TRELLEBORG AB – INTERIM REPORT JANUARY–MARCH 2025 ===== SIDA 24 ===== Bridge net sales Q1 2024 sek m Organic sales, % Structural change, % Currency effects, % Q1 2025 sek m Trelleborg Industrial Solutions 3,721 2 2 1 3,890 Trelleborg Medical Solutions 583 5 38 2 848 Trelleborg Sealing Solutions 4,102 0 5 1 4,343 Group activities/Eliminations −172 −215 Continuing operations 8,234 1 6 1 8,866 Exchange rate differences impacting EBITA excluding items affecting comparability ¹, sek m Q1 2025 Trelleborg Industrial Solutions 3 Trelleborg Medical Solutions 2 Trelleborg Sealing Solutions 0 Group activities 0 Continuing operations 5 ¹ Impact on EBITA excluding items affecting comparability in translation of foreign subsidiaries. EBIT specification, continuing operations, sek m Q1 2025 Q1 2024 R12 2025 12M 2024 Excluding items affecting comparability: EBITDA 1,982 1,834 7,697 7,549 Depreciation/write-down, property, plant and equipment −345 −322 −1,350 −1,327 Amortization/write-down, intangible assets −21 −22 −81 −82 EBITA 1,616 1,490 6,266 6,140 Amortization of surplus values related to acquisitions −154 −111 −581 −538 EBIT 1,462 1,379 5,685 5,602 Items affecting comparability −61 −55 −321 −315 EBIT 1,401 1,324 5,364 5,287 Specification of capital employed, sek m Mar 31 2025 Mar 31 2024 Dec 31 2024 Working capital 6,076 5,616 5,721 Property, plant and equipment 8,719 8,154 9,306 Right-of-use assets 1,617 1,592 1,758 Intangible assets 30,334 27,265 32,539 Participations in associated companies 57 56 57 Continuing operations 46,803 42,683 49,381 Notes 24 (36) Published on April 24, 2025 | TRELLEBORG AB – INTERIM REPORT JANUARY–MARCH 2025 ===== SIDA 25 ===== Notes Acquisitions 2025 On January 25, 2025, through its Trelleborg Sealing Solutions business area, Trelleborg finalized the acquisition of the US company CRC Distribution. The company is a specialist distributor in polymer sealing solutions and related value-added services in hydraulics, hydropower, oil and gas, as well as for pumps and compressors. The company generates annual external sales of just over sek 170 m. On February 25, 2025, through its Trelleborg Industrial Solutions business area, Trelleborg final- ized the acquisition of NuFlow, headquartered in Escondido, California and operating across North America. The company is a manufacturer of specialized liners, resins and equipment for small-diam- eter pipe repair. The company offers repair solutions for lateral and building interior pipes in both residential and commercial properties. Sales in 2024 amounted to approximately sek 180 m. The NuFlow acquisition comprised both an asset-transfer acquisition and the acquisition of 100 percent of the shares in a company. Other acquisitions completed in 2025 refer to 100 percent of the shares in the respective companies. All acquisitions are expected to have a marginal impact on the Group’s key figures. Certain minor adjustments were made in 2025 to purchase price allocations attributable to acqui- sitions made in 2024. The two acquisitions that were concluded after the end of the period National Gummi AB and Aero-Plastics Inc (see page 14) relate to 100 percent of the shares in the respective companies and are expected to have a marginal impact on the Group’s key figures. Sales in National Gummi AB amounted to just over sek 150 m for 2024 and for Aero-Plastics, sales amounted to approximately sek 150 m for 2024. Acquisitions 2024 No acquisitions were finalized in the first quarter of 2024. Acquisitions, sek m Q1 2025 Q1 2024 Customer relationships1  119      -       Other intangible assets  9      -       Property, plant and equipment  10      -       Right-of-use assets  35      -       Deferred tax assets  1      -       Interest-bearing receivables  -        -       Inventories  61      -       Operating receivables  57      -       Current tax asset  -        -       Cash and cash equivalents  13      -       Deferred tax liabilities −4      -       Interest-bearing liabilities −54      -       Post employment benefits  -        -       Provision obligations −1      -       Current tax liability  -        -       Operating liabilities −47      -       Net assets  199      -       Goodwill  392      -       Total purchase price  591      -       Cash and other net debt in acquired operations  41      -       Impact shown in cash flow statement  632      -       The goodwill recognized above for 2025 was primarily attributable to synergy effects expected after the acquisition. The fair value of acquired, identifiable intangible assets is preliminarily pending final measurement of these assets. 1 Excess value of customer relationships is amortized over 12 years. 25 (36) Published on April 24, 2025 | TRELLEBORG AB – INTERIM REPORT JANUARY–MARCH 2025 ===== SIDA 26 ===== Notes Measurement techniques used to calculate fair value of level 2 Level 2 derivatives comprise currency futures and interest swaps and are primarily used for hedging purposes, but also for trading. Measurement of the fair value of currency futures is based on the published forward rates in an active market and on the discounted contractual cash flows. Measure- ment of interest swaps is based on forward interest rates prepared on the basis of observable Swedish interest curves and discounting of the contractual cash flows. Measurement techniques used to calculate fair value of level 3 Interest-bearing non-current liabilities include additional purchase payments according to contract of sek 1,127 m (-), which have been calculated at present value with interest rates based on the market interest rate for the liabilities related to the acquisitions. Disclosure on fair value of borrowings and other financial instruments Financial interest-bearing liabilities, except for financial derivatives that adjust loans, are recognized at amortized cost. Changes in interest-rate levels and credit margins create differences between fair value and amortized cost. Measurement at fair value would decrease the Group’s non-current loans by sek 6 m. No remeasurement was made for current loans because the carrying amount is regarded as a good estimate of the fair value due to their short term. At March 31, 2025, sek m Assets measured at Assets at fair value Derivatives used for hedging purposes, amortized cost in profit and loss measured at fair value Carrying amount Measurement level Carrying amount Measurement level Total Assets in the balance sheet Derivative instruments - 222 2 404 2 626 Financial non-current assets 89 - - 89 Accounts receivable 5,798 - - 5,798 Interest-bearing receivable 1 - - 1 Cash and cash equivalents 1,918 - - 1,918 Total 7,806 222 404 8,432 Liabilities measured at Liabilities at fair value Derivatives used for hedging purposes, amortized cost in profit and loss measured at fair value Carrying amount Measurement level Carrying amount Measurement level Total Liabilities in the balance sheet Derivative instruments - 87 2 5 2 92 Interest-bearing non-current liabilities 2,714 1,127 3 - 3,841 Interest-bearing current liabilities 3,266 - - 3,266 Lease liabilities according to IFRS 16 1,709 - - 1,709 Accounts payable 2,397 - - 2,397 Total 10,086 1,214 5 11,305 Financial instruments – classification and valuation A description of each category and how fair value is calculated is provided below and in Accounting policies in the latest Annual Report. 26 (36) Published on April 24, 2025 | TRELLEBORG AB – INTERIM REPORT JANUARY–MARCH 2025 ===== SIDA 27 ===== Notes At March 31, 2024, sek m Assets measured at Assets at fair value Derivatives used for hedging purposes, amortized cost in profit and loss measured at fair value Carrying amount Measurement level Carrying amount Measurement level Total Assets in the balance sheet Derivative instruments - 34 2 100 2 134 Financial non-current assets 103 49 3 - 152 Accounts receivable 5,699 - - 5,699 Interest-bearing receivable 9 - - 9 Cash and cash equivalents 7,937 - - 7,937 Total 13,748 83 100 13,931 Liabilities measured at Liabilities at fair value Derivatives used for hedging purposes, amortized cost in profit and loss measured at fair value Carrying amount Measurement level Carrying amount Measurement level Total Liabilities in the balance sheet Derivative instruments - 205 2 125 2 330 Interest-bearing non-current liabilities 4,161 - - 4,161 Interest-bearing current liabilities 627 - - 627 Lease liabilities according to IFRS 16 1,668 - - 1,668 Accounts payable 2,411 - - 2,411 Total 8,867 205 125 9,197 Financial instruments – classification and valuation Change in liabilities from financing activities, Group, sek m Non-cash changes Dec 31 2024 Cash changes Acquisitions Translation differences Fair value changes Lease liabilities Pension liabilities Mar 31 2025 Loans 5,264 575 - −65 - - - 5,774 Other financial liabilities 1,446 1,237 - −1,263 - - - 1,420 Lease liabilities 1,851 −55 - −126 - 39 - 1,709 Pension obligations 447 9 - −30 - - −37 389 Total 9,008 1,766 - −1,484 - 39 −37 9,292 27 (36) Published on April 24, 2025 | TRELLEBORG AB – INTERIM REPORT JANUARY–MARCH 2025 ===== SIDA 28 ===== Key figures sek m Q1 2025 Q1 2024 R12 2025 12M 2024 Net sales Trelleborg Industrial Solutions 3,890 3,721 15,486 15,317 Trelleborg Medical Solutions 848 583 3,268 3,003 Trelleborg Sealing Solutions 4,343 4,102 16,911 16,670 Group activities/Eliminations −215 −172 −863 −820 Continuing operations 8,866 8,234 34,802 34,170 EBITA, excluding items affecting comparability Trelleborg Industrial Solutions 645 613 2,475 2,443 Trelleborg Medical Solutions 171 82 618 529 Trelleborg Sealing Solutions 868 864 3,432 3,428 Group activities −68 −69 −259 −260 Continuing operations 1,616 1,490 6,266 6,140 EBITA %, excluding items affecting comparability Trelleborg Industrial Solutions 16.6 16.5 16.0 16.0 Trelleborg Medical Solutions 20.2 14.0 18.9 17.6 Trelleborg Sealing Solutions 20.0 21.1 20.3 20.6 Continuing operations 18.2 18.1 18.0 18.0 Trelleborg employs a number of alternative performance measures related to financial position, including return on equity and capital employed, net debt, debt/equity ratio and equity/assets ratio. The Group deems the key figures useful for the readers of its financial reports as a complement for assessing the possibility of dividends, implementing strategic investments and considering the Group’s ability to meet its financial commitments. In addition, Trelleborg uses the cash-flow measure- ments of operating cash flow and free cash flow to provide an indication of the funds the operations generate to be able to implement strategic investments, make amortizations and pay returns to the shareholders. Trelleborg uses the operational performance metrics of EBITDA, EBITA and EBIT excluding items affecting comparability, which the Group considers to be relevant for investors seeking to understand its earnings generation before items affecting comparability. For further descriptions and calculation of key figures, visit https://www.trelleborg.com/en/investors/key-figures. 28 (36) Published on April 24, 2025 | TRELLEBORG AB – INTERIM REPORT JANUARY–MARCH 2025 ===== SIDA 29 ===== sek m Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Net sales Trelleborg Industrial Solutions 3,890 3,980 3,661 3,955 3,721 3,766 3,663 3,980 3,840 Trelleborg Medical Solutions 848 903 852 665 583 637 645 647 653 Trelleborg Sealing Solutions 4,343 4,089 4,130 4,349 4,102 4,026 4,158 4,048 4,214 Group activities - - - - - 178 165 194 190 Eliminations −215 −189 −201 −258 −172 −186 −173 −173 −186 Continuing operations 8,866 8,783 8,442 8,711 8,234 8,421 8,458 8,696 8,711 Organic sales, % Trelleborg Industrial Solutions 2 4 2 −1 −3 −1 −1 6 8 Trelleborg Medical Solutions 5 0 1 2 −11 1 −1 9 13 Trelleborg Sealing Solutions 0 −1 1 5 −2 1 −2 0 4 Continuing operations 1 1 1 1 −3 0 −1 3 7 EBITA, excluding items affecting comparability Trelleborg Industrial Solutions 645 639 548 643 613 586 594 632 563 Trelleborg Medical Solutions 171 190 165 92 82 101 99 100 83 Trelleborg Sealing Solutions 868 817 826 921 864 808 837 901 950 Group activities −68 −59 −75 −57 −69 −71 −43 −70 −68 Continuing operations 1,616 1,587 1,464 1,599 1,490 1,424 1,487 1,563 1,528 EBITA %, excluding items affecting comparability Trelleborg Industrial Solutions 16.6 16.1 15.0 16.3 16.5 15.6 16.2 15.9 14.7 Trelleborg Medical Solutions 20.2 21.1 19.3 14.0 14.0 15.7 15.5 15.4 12.8 Trelleborg Sealing Solutions 20.0 20.0 20.0 21.2 21.1 20.1 20.1 22.3 22.5 Continuing operations 18.2 18.1 17.3 18.4 18.1 16.9 17.6 18.0 17.5 Key figures 29 (36) Published on April 24, 2025 | TRELLEBORG AB – INTERIM REPORT JANUARY–MARCH 2025 ===== SIDA 30 ===== Continuing operations Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Net sales, sek m 8,866 8,783 8,442 8,711 8,234 8,421 8,458 8,696 8,711 Organic sales, % 1 1 1 1 −3 0 −1 3 7 EBITDA, excl items affecting comparability, sek m 1,982 1,944 1,821 1,950 1,834 1,790 1,831 1,891 1,856 EBITDA, excl items affecting comparability, % 22.4 22.1 21.6 22.4 22.2 21.3 21.7 21.7 21.3 EBITA, excl items affecting comparability, sek m 1,616 1,587 1,464 1,599 1,490 1,424 1,487 1,563 1,528 EBITA, excl items affecting comparability, % 18.2 18.1 17.3 18.4 18.1 16.9 17.6 18.0 17.5 EBIT , excl items affecting comparability, sek m 1,462 1,420 1,320 1,483 1,379 1,304 1,361 1,442 1,411 EBIT , excl items affecting comparability, % 16.5 16.2 15.6 17.0 16.8 15.5 16.1 16.6 16.2 Items affecting comparability, sek m −61 −76 −73 −111 −55 −260 −111 −194 −49 EBIT , sek m 1,401 1,344 1,247 1,372 1,324 1,044 1,250 1,248 1,362 Earnings per share, excluding items affecting comparability, sek 4.28 4.24 3.78 4.49 4.23 4.08 4.19 4.71 3.66 Operating cash flow, excl items affecting comparability, sek m 821 1,681 1,422 1,190 718 1,321 1,608 1,585 549 Cash conversion ratio, excl items affecting comparability, R12, % 90 89 85 88 95 92 99 88 75 Capital employed, closing balance, sek m 46,803 49,381 46,874 43,815 42,683 39,768 42,622 43,111 42,299 Return on capital employed, R12 % 11.2 11.4 11.2 11.5 11.4 11.5 12.0 12.8 14.2 Group total Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Earnings per share, excl items affecting comparability, sek 4.28 4.24 3.78 4.49 4.23 4.08 4.19 28.83 5.58 Earnings per share, Group, sek 4.08 3.99 3.54 4.14 4.06 3.40 3.84 27.67 5.33 Free cash flow, sek m 315 1,083 970 670 194 897 1,075 658 −104 Net debt, closing balance, sek m −6,733 −6,735 −5,381 −1,981 939 2,682 1,871 1,881 −21,628 Net debt/EBITDA 0.9 0.9 0.8 0.3 −0.1 −0.2 −0.1 −0.1 2.4 Debt/equity ratio, % 17 16 13 5 −2 −6 −4 −4 56 Return on equity R12, % 9.0 9.0 8.5 8.5 23.7 25.4 26.0 27.2 14.5 Equity/assets ratio, % 67 69 69 70 72 70 69 68 50 Key figures 30 (36) Published on April 24, 2025 | TRELLEBORG AB – INTERIM REPORT JANUARY–MARCH 2025 ===== SIDA 31 ===== sek m Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Net sales 8,866 8,783 8,442 8,711 8,234 8,421 8,458 8,696 8,711 Cost of goods sold −5,476 −5,640 −5,386 −5,465 −5,239 −5,423 −5,478 −5,687 −5,607 Gross profit 3,390 3,143 3,056 3,246 2,995 2,998 2,980 3,009 3,104 Selling expenses −660 −618 −618 −660 −633 −626 −648 −615 −637 Administrative expenses −893 −922 −821 −835 −801 −820 −766 −763 −774 Research and development costs −192 −186 −171 −180 −173 −162 −181 −176 −178 Other operating income1 110 221 128 105 142 261 211 212 108 Other operating expenses1 −292 −219 −254 −194 −154 −342 −231 −228 −216 Profit from associated companies −1 1 0 1 3 −5 −4 3 4 EBIT, excluding items affecting comparability 1,462 1,420 1,320 1,483 1,379 1,304 1,361 1,442 1,411 Items affecting comparability −61 −76 −73 −111 −55 −260 −111 −194 −49 EBIT 1,401 1,344 1,247 1,372 1,324 1,044 1,250 1,248 1,362 Financial income and expenses2 −144 −86 −128 −63 −20 −38 −44 140 −165 Profit before tax 1,257 1,258 1,119 1,309 1,304 1,006 1,206 1,388 1,197 Tax3 −316 −326 −283 −321 −324 −226 −301 −491 −298 Net profit, continuing operations 941 932 836 988 980 780 905 897 899 Net profit, discontinuing operations4 - - - - - - - 6,130 463 Net profit, Group 941 932 836 988 980 780 905 7,027 1,362 - equity holders of the parent company 941 933 836 988 980 780 906 7,027 1,362 - non-controlling interest - −1 0 0 0 0 −1 0 0 Condensed Income Statements 1 Other operating income and expenses are affected by exchange rate differences reported on a gross basis. Exchange rate differences were reclassified between other operating income and expenses to financial income and expenses for the May-September 2023 period. This reclassification will have no effect on EBIT or financial income and expenses. 2 Q2 2023 includes non-recurring financial income of SEK 218 M (SEK 173 M after tax) attributable to concluded interest rate hedges in connection with the divestment of the Group’s tire operation. 3 Q2 2023 includes a non-recurring tax expense of SEK 150 M related to a review of the Group’s legal structure after the divestment of the Group’s tire operation. This tax expense declined by SEK 50 M in Q4 2023. 4 Q2 2023 includes a capital gain attributable to the divestment of the Group’s tire and printing blanket operations. 31 (36) Published on April 24, 2025 | TRELLEBORG AB – INTERIM REPORT JANUARY–MARCH 2025 ===== SIDA 32 ===== Parent Company Condensed Income statements, sek m Q1 2025 Q1 2024 R12 2025 12M 2024 Net sales 151 144 692 685 Administrative expenses −77 −76 −392 −391 Other operating income 3 2 13 12 Other operating expenses −31 −33 −469 −471 EBIT 46 37 −156 −165 Financial income and expenses −99 −134 1,592 1,557 Profit before tax −53 −97 1,436 1,392 Appropriations - - 518 518 Tax 10 30 −98 −78 Net profit −43 −67 1,856 1,832 Statements of comprehensive income, sek m Net profit −43 −67 1,856 1,832 Other comprehensive income - - - - Other comprehensive income, net of tax - - - - Total other comprehensive income −43 −67 1,856 1,832 Condensed Balance sheets, sek m Mar 31 2025 Mar 31 2024 Dec 31 2024 Property, plant and equipment 7 8 7 Intangible assets 5 5 4 Financial assets 37,854 37,904 37,844 Total non-current assets 37,866 37,917 37,855 Current receivables 240 215 135 Current tax asset 13 3 - Interest-bearing receivables 0 0 962 Cash and cash equivalents 0 0 - Total current assets 253 218 1,097 Total assets 38,119 38,135 38,952 Equity 21,355 25,173 22,416 Untaxed reserves 221 101 221 Interest-bearing non-current liabilities 0 0 - Other non-current liabilities 55 56 61 Total non-current liabilities 55 56 61 Interest-bearing current liabilities 16,374 12,688 16,012 Current tax liabilities - - 76 Other current liabilities 114 117 166 Total current liabilities 16,488 12,805 16,254 Total equity and liabilities 38,119 38,135 38,952 Other Related parties No material changes occurred for the Group or the Parent Company in relations or transactions with related parties, compared with what is described in Note 12 of the 2024 Annual Report. At the Annual General Meeting, held in April 2024, the decision was taken to introduce a perfor- mance share plan, PSP 2024/2027, which includes the President and Group Management, whereby participants invest in shares in Trelleborg AB. Each invested share entitles the holder to receive a maximum of three shares free of charge after the publication of the year-end report for the 2026 fiscal year. Allotment requires compliance with certain performance-based conditions and that the participant remains employed within the Trelleborg Group. For further information, refer to the deci- sion taken at the Annual General Meeting on April 24, 2024. To date, the recognized costs for 2024 and 2025 are not significant. 32 (36) Published on April 24, 2025 | TRELLEBORG AB – INTERIM REPORT JANUARY–MARCH 2025 ===== SIDA 33 ===== About Trelleborg The Trelleborg Group is a world leader in engineered polymer solutions. The Group had sales of approximately sek 34 billion in 2024 and operations in some 40 countries. With Trelleborg’s material expertise and industry insight in cutting-edge areas with rigorous requirements, such as the aerospace and automotive industries, as well as healthcare & medical, the Group is creating the sustainable industrial solutions of today, shaped by such trends as electrifi- cation, digitalization, industrial automation, and new sustainable materials. The Group’s polymer- based solutions are often critical to the functionality of the customers’ advanced end products. Engineered solutions The engineered solutions are based on unique sealing and damping properties of polymers such as rubber and plastic. The solutions save energy and reduce CO2 emissions, eliminate noise and vibra- tions, and dramatically extend the lifecycles of machines and medical devices as well as skyscraper facades. Better platform than ever Trelleborg’s way of achieving results – a strongly decentralized organization built on local responsi- bility and personal dedication – form the basis of the Group’s model for profitability and business success. Despite the turbulence in its operating environment, Trelleborg delivered a strong financial performance in recent years. Trelleborg’s financial capacity is healthy. Accelerated growth A number of industries have been identified as growing more than the industrial average in the years ahead – Trelleborg is therefore placing additional focus on developing its business in these segments. The fast-growing industries will act as a driving force for other areas at Trelleborg, which through innovations, differentiation and greater global reach is expected to grow in the upper range of the industrial average. There will be a greater focus on company acquisitions that strengthen Trelleborg in attractive industries. Sustainability leader in the industry Trelleborg is working systematically to increase the share of bio-based and recycled raw materials in everything it develops. The ambition is to be the sustainability leader in the industry. The Group’s climate target is to halve direct and indirect CO2 emissions by the end of 2030 compared with the base year 2021, and, during the same period, reduce emissions along the value chain by 25 percent. Trelleborg’s climate targets were validated by the Science Based Targets initiative (SBTi) in the fourth quarter of 2023. Resource efficiency and circularity are becoming part of Trelleborg’s DNA. Bespoke strategy for each business A common feature shared by all parts of Trelleborg is its engineered polymers with unique sealing and damping properties. The longstanding customer relationships are all built on close innovation collaboration with renowned industrial players. Trelleborg’s operational businesses are different, so they have bespoke strategies to achieve leading positions in their markets. An improved Trelleborg The technological development and climate transition in society favor the Group, where Trelleborg is playing a part and developing the industrial solutions of tomorrow. The Group raised both its financial and sustainability targets in conjunction with its Capital Markets Day held in May 2023. Trelleborg Industries Diversified industry Automotive Healthcare & medical Aerospace Trelleborg Industrial Solutions 85% 8% 2% 5% Trelleborg Medical Solutions 0% 0% 100% 0% Trelleborg Sealing Solutions 53% 28% 0% 19% Continuing operations 63% 17% 9% 11% Net sales per industry is based on full-year 2024. This report has not been subject to review by the company’s auditor. Trelleborg, April 24, 2025. Board of Directors of Trelleborg AB (publ) 33 (36) Published on April 24, 2025 | TRELLEBORG AB – INTERIM REPORT JANUARY–MARCH 2025 ===== SIDA 34 ===== Presentation of the report For further information A combined webcast and telephone conference will be held on April 24, 2025 at 3:00 p.m. CET . To follow the presentation webcast, either access this link or visit www.trelleborg.com. To participate via teleconference, please register here. After registration, you will be provided phone numbers and a conference ID to access the call. You can ask questions verbally via the tele- conference. The webcast will be available on Trelleborg’s website following the presentation. Investors/analysts Media Christofer Sjögren, VP Investor Relations Tobias Rydergren, VP Communications Phone: +46 (0)410 - 670 68 Phone: +46 (0)410 - 670 15 Mobile: +46 (0)708 - 66 51 40 Mobile: +46 (0)733 - 74 70 15 E-mail: christofer.sjogren@trelleborg.com E-mail: tobias.rydergren@trelleborg.com For information about the Trelleborg Group, Annual Reports, the stakeholder magazine T-TIME and other information, please visit the Group’s website www.trelleborg.com. This is a translation of the company’s Interim Report in Swedish. Trelleborg AB (publ) Corp. Reg. No. 556006-3421 PO Box 153, SE-231 22 Trelleborg, Sweden. Phone: +46 (0)410-670 00 www.trelleborg.com Financial calendar Annual General Meeting April 24, 2025 Interim report April–June 2025 July 17, 2025 Interim report July-September 2025 October 24, 2025 Year-end report 2025 January 29, 2026 This report contains forward-looking statements that are based on the current expectations of the management of Trelleborg. Although management believes that the expectations reflected in such forward-looking statements are reason- able, no assurance can be given that such expectations will prove correct. Accordingly, results could differ materially from those implied in the forward- looking statements as a result of, among other factors, changes in economic, market and competitive conditions, changes in the regulatory environment and other government actions, fluctuations in exchange rates and other factors. This information is information that Trelleborg AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was issued, by the contact persons above, for publication on April 24, 2025, 1:00 p.m. CEST . Published on April 24, 2025 | TRELLEBORG AB – INTERIM REPORT JANUARY–MARCH 2025