Trelleborg announces dividend at annual general meeting

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Trelleborg announces dividend at annual general meeting
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Trelleborg, Sweden - Trelleborg AB’s Annual General Meeting was held on April 24 in Trelleborg. Approximately 700 shareholders participated in the meeting. The theme of CEO Peter Nilsson’s address was, “Change and continuity.” “2012 was a highly eventful year for Trelleborg. We continued our efforts aimed at improving the group’s geographic balance by increasing our presence in markets outside Western Europe and North America. During the year, we established and acquired no fewer than nine operations in China, India and Brazil. “One strategic milestone during the year was the formation of TrelleborgVibracoustic. This joint venture comprises a merger of our operation in antivibration solutions for light and heavy vehicles with Freudenberg’s corresponding operation. The businesses complement each other in an excellent manner in terms of geographical coverage, product portfolios and customers, and command a global, market-leading position. “We are now expanding our efforts to further improve our various processes in sales, production, purchasing and capital management. At the same time, our shift to attractive geographies and market segments is continuing untiringly. This work has already generated results in the form of strengthened market positions, higher sales, improved profitability and a stronger financial position. Despite the considerably weakened market position during the second half of the year, 2012 was our best year to date. But we are far from satisfied. We are working with full focus toward new, higher financial targets as of 2013.” The CEO’s address at the AGM can be viewed or read at www.trelleborg.com. Anders Narvinger, Trelleborg’s chairman for many years, who had declined reelection, was thanked at the AGM. In accordance with the proposal of the board of directors and the president, the Annual General Meeting resolved to pay a dividend of SEK 3.00 per share (2.50). April 29 is the record date, which means that the dividend is expected to be distributed by Euroclear Sweden AB on May 3.