Annual Report 2006
The Trelleborg Annual Report for 2006 will be published today on the web site www.trelleborg.com, and has also been sent to Trelleborg’s shareholders.
In the CEO’s comments, President and CEO Peter Nilsson expresses his satisfaction with the growth:
“It is satisfying that sales increased more rapidly than the Group average for the past five years and exceeded our relatively aggressive growth target. Our positive organic growth of 6 percent was particularly gratifying. However, I am not satisfied with our earnings, which were affected negatively by the development in the automotive markets. But three out of four business areas continued to develop nicely, improving their earnings.”
The Group’s priorities for the future to create value for customers, shareholders and employees build on the business concept of sealing, damping and protecting in demanding industrial environments.
“We will continue refining the business structure and product portfolio and continuously advance toward leading positions in long-term, attractive segments,” says Peter Nilsson, naming such examples as offshore oil and gas extraction, the aerospace industry, the chemical industry and infrastructure industry.
Trelleborg continues to increase its presence in such growth markets as Asia, Latin America and Eastern Europe. In addition to continuing focus on China and India, investments are also being made in Romania, Sri Lanka, Angola, Brazil, the Middle East and the Baltic States.
Another theme that is a focus of Peter Nilsson’s current work is efficiency enhancement and he also emphasizes the importance of target-oriented, value-based leadership for the further development of the organization.
According to the Annual Report, the financial targets remain, as does the goal of continued active value creation through strategic acquisitions. In 2006, Trelleborg completed 11 acquisitions in ten countries. The share section states that, in the past five years, the Trelleborg share has had an average price increase of 26.5 percent per year, and an average dividend yield of 4.3 percent per year.
The Annual Report can be ordered at www.trelleborg.com or from Trelleborg Corporate Communications,
Tel: +46 (0)410-670 00.