Trelleborg, Sweden – Trellebrog AB is “investing heavily” in its digital offerings as it expects substantial growth potential in digital technology when markets recover.
Speaking at the company’s capital market day in Stockholm on 15 Dec, CEO Peter Nilsson said Trelleborg had demonstrated “stable profitability and a favourable earnings performance despite” challenging market conditions in segments such as agriculture, offshore and industries with a high share of hydraulic and pneumatic systems.
“We are expecting that the market will recover… We are positioning ourselves for an economic recovery and see that digital technology gives us substantial growth potential,” said the CEO.
Therefore, added Nilsson, “we are investing heavily in the further development of our digital offering to make it easy to do business with us and increase value for our customers.”
Also commenting on Trelleborg’s financial performance, CFO Ulf Berghult, said the company would work “toward new financial targets starting from year-end 2016.”
This report will be updated once further details on the capital market day is announced.