Annual Report 2010
The Trelleborg Annual Report for 2010 has been published today on the website www.trelleborg.com.
In the CEO’s comments, President and CEO Peter Nilsson writes that 2010 was a successful year for Trelleborg when action programs yielded improved profitability. At the same time, Trelleborg accelerated the pace of its journey toward leading positions in profitable segments and a more substantial presence in the fast-growing markets outside North America and Western Europe.
“To sum up, our efforts resulted in organic growth of 17 percent, we achieved our EBITDA margin target of 12 percent and we are close to achieving our goal of a 12-percent return on shareholders’ equity,” writes Peter Nilsson.
Peter Nilsson describes the shift that has taken place in recent years and the work that has been carried out to effect change with a focus on the Group’s priorities – leading positions in selected segments, global expansion and excellence through continuous improvements in all processes. He commented further on implemented and ongoing structural measures, and the strategic leap taken by the Group through the signing of an agreement with Freudenberg regarding a joint venture in antivibration solutions. This will form a global leader in antivibration, while also intensifying the focus of the Group’s continuing operations.
The theme of the Annual Report is how Trelleborg adds value through solutions that seal, damp and protect in demanding environments – solutions that protect people, the environment and investments.
“We have a stable foundation that provides scope for action,” writes Peter Nilsson. “Trelleborg’s competitive advantages include the combination of world-leading polymer technology and unique applications know-how. We work extensively with innovation, product development, marketing initiatives and customer collaboration to achieve organic growth.”
Peter Nilsson also emphasizes how important it is that Trelleborg remains a multicultural company with many nationalities and a local base in the countries in which it operates. Trelleborg is represented in more than 40 countries. Sales outside North America and Western Europe have increased by 119 percent since 2005.
“We are building to achieve a better geographic balance, with continued investments in China, India and Brazil, thereby creating a platform for improved growth moving forward.”
The Annual Report also contains a brief summary of 2010, in addition to references to GRI indicators and, as usual, a verified Corporate Responsibility Report.
The Annual Report can be ordered at www.trelleborg.com or from Trelleborg Corporate Communications, Tel: +46 (0)410-670 38.
For further information, contact Trelleborg AB Corporate Communications: +46 (0)410-670 38.
Trelleborg is a global industrial group whose leading positions are based on advanced polymer technology and in-depth applications know-how. Trelleborg develops high-performance solutions that seal, damp and protect in demanding industrial environments. The Trelleborg Group had annual sales during 2010 of approximately SEK 27 billion, with about 20,000 employees in more than 40 countries. The Group comprises four business areas: Trelleborg Engineered Systems, Trelleborg Automotive, Trelleborg Sealing Solutions and Trelleborg Wheel Systems. The Trelleborg share has been listed on the Stockholm Stock Exchange since 1964 and is listed on the OMX Nordic List, Large Cap. www.trelleborg.com