TRELLEBORG, Sweden--(BUSINESS WIRE)--Regulatory News:
Today, at Trelleborg’s (STO:TRELB) Capital Markets Day, Lennart Johansson, Managing Director and Member of the Management Board of TrelleborgVibracoustic, will give an update about the company.
TrelleborgVibracoustic, formed on July 3, 2012, when Trelleborg and Freudenberg completed the creation of the 50/50 joint venture in antivibration solutions for light and heavy vehicles, is the global market leader for automotive antivibration solutions with a global market share of 15 percent. It has the most comprehensive global footprint, with 32 production units and six stand-alone development sites spread over 18 countries. Annual sales in 2012 amount to approximately 1.6 billion Euros.
“The company is based on a strong heritage. It is an almost perfect match between operations that complement each other with regard to geographic coverage, product portfolios and customer footprint. It is very satisfying to conclude that the integration process has started in a successful way. Substantial synergies have already been identified and the implementation is ongoing,” says Lennart Johansson.
“Since 2008, TrelleborgVibracoustic’s proforma sales have increased by 42 percent which is twice the corresponding growth of the global production of light vehicles, which increased 21 percent during the same period,” continues Lennart Johansson.
“Moreover, we are well positioned to meet the future challenges in our industry. We are investing 5 percent of our sales in R&D and our innovative solutions are meeting, and in many cases, exceeding our customers’ increasing demand for increased comfort and noise reduction,” says Lennart Johansson.
“The growth of global OEM platforms and manufacturing of the same cars on several continents are growing industry trends. Being the most global supplier of antivibration solutions, we feel confident that we will benefit from this development going forward. We are currently present on 19 of the 20 largest global platforms,” says Lennart Johansson.
“Our long-term ambition is to continue to enjoy a sustainable growth rate and an EBIT margin which both exceed the industry average. By achieving this, we are confident that we will be able to create value for our owners as well as for Trelleborg’s shareholders,” concludes Lennart Johansson.
Trelleborg is a global industrial 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 has annual sales of about SEK 22 billion, with about 15,500 employees in over 40 countries. The Group comprises three business areas: Trelleborg Sealing Solutions, Trelleborg Wheel Systems, and Trelleborg Engineered Systems. In addition, Trelleborg owns 50 percent of TrelleborgVibracoustic, a global leader within antivibration solutions for light and heavy vehicles, with annual sales of SEK 13 billion and about 8 000 employees in 17 countries. The Trelleborg share has been listed on the Stockholm Stock Exchange since 1964 and is listed on the NASDAQ OMX Nordic List, LargeCap. www.trelleborg.com
This is information of the type that Trelleborg AB (publ) is obligated to disclose in accordance with the Swedish Securities Exchange and Clearing Operations Act and/or the Financial Instruments Trading Act. The information was issued for publication on December 6, 2012, at 09:10 a.m.
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