ERJ staff report (RD)
Trelleborg, Sweden -- Trelleborg has had an exceptional 2009, depsite sales falling 21 percent, company ceo Peter Nilsson said in Trelleborg's recently published 2009 annual results.
â€œBy clearly focusing on our most valuable businesses and customers, quickly adjusting capacity and increasing speed in implementing programmes in progress, we were successful in adapting operations,â€ Nilsson said in a 19 March company statement, adding that measures taken over the past several years in Trelleborg's Automotive division have shown a â€œmarked effect.â€
Trelleborg reported an EBITDA margin of just over 10 percent in the fourth quarter of 2009, compared with just under 4 percent in the fourth quarter of 2008. Nilsson said the company â€œretained or increasedâ€ market shares in the most important markets in 2009, â€œwhile continuing to improve geographic balance.â€
â€œThis gives us a favourable starting position for 2010, when we will safeguard our reduced cost base and invest more aggressively in long-term value creation for all stakeholders,â€ Nilsson added.
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Press release from Trelleborg AB