20 April 2010 – Approximately 700 shareholders participated in the Trelleborg Group‘s Annual General Meeting in Trelleborg on April 23. The theme of CEO Peter Nilsson’s presentation was “A stronger Trelleborg.”
“The year 2009 was a dramatic one, with a sharp decline in demand, to which we swiftly and effectively adapted ourselves,” said Peter Nilsson. “Dramatic times create opportunities and Trelleborg forcefully seized on these opportunities and emerged a stronger Group than before the crisis. We are well prepared for the future with contingencies for both a rise and decline in the market.”
“Since 2005, we have made investments in developing our product structure to create even better positioned. We discontinued 25 production units in mature markets in Western Europe and North America. At the same time, we launched 10 completely new production units outside these markets.
“By locating units in new markets with higher growth, we have improved our global presence, while simultaneously forming closer relationships with our customers. Some 35 percent of our employees are currently in markets outside Western Europe and North America, while the percentage of sales deriving from these markets is 24 percent, which indicates major continued growth potential.”
“In markets outside Western Europe and North America, we are growing rapidly. Since 2005, sales in these regions have increased by 75 percent to about SEK 6.5 billion. In 2009 alone, our sales in China rose by 30 percent.”
Board of Directors
In accordance with a proposal from shareholders representing about 66 percent of the number of votes in the company, Heléne Bergquist, Hans Biörck,Claes Lindqvist, Sören Mellstig, Anders Narvinger and Peter Nilsson were reelected. Nina Udnes Tronstad and Bo Risberg were elected as new Board members. Staffan Bohman declined reelection. The Meeting elected Anders Narvinger as Chairman of the Board. The Meeting also resolved to retain the fees per Board member.
Dividend
In accordance with the proposal of the Board of Directors and the President, the Annual General Meeting resolved to pay a dividend of SEK 0.50 per share.
April 23 is the record date, which means that the dividend is expected to be distributed by Euroclear Sweden AB on April 28.
CONTACTS
Media:
Vice President, Media Relations
Mikael Sjöblom
+46 410 670 15
+46 733 74 70 15
mikael.sjoblom@trelleborg.com
Investors/analysts:
Vice President, IR
Conny Torstensson
+46 410 670 70
+46 734 08 70 70
conny.torstensson@trelleborg.com
ABOUT TRELLEBORG AB
Trelleborg is a global engineering 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 in 2008 of approximately SEK 27 billion, with about 21,000 employees in 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.
