Trelleborg sets new business targets

ERJ staff report (BC)

Trelleborg, Sweden - Industrial elastomer technology specialist Trelleborg held a capital markets day at the Berns Salonger, Stockholm on 6 December.

President and CEO Peter Nilsson told investors and analysts of new targets going forward from fiscal year 2013.

For Trelleborg operations excluding the Vibracoustic joint venture with Freudenberg, the targets are organic growth of 5 percent or more and an EBIT margin of 12 percent or more (equivalent to EBITDA margin of around 15 percent).

For the group as a whole including Vibracoustic, return on shareholders' equity (ROE) of at least 15 percent is targeted.

Nilsson said: “… We are changing our business area structure in order to obtain an even stronger focus on core businesses. … Our new financial targets should be set against the Group's ambition to increase value creation and to be a world leader in selected market segments and geographic markets, as well as assessing global growth prospects and ensuring adequate financial security.”

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Press release in full