Trelleborg annual results 2014
Published by Elizabeth Corner,
Senior Editor
World Pipelines,
Trelleborg AB has released its 2014 annual review here.
Trelleborg’s share price displayed a relatively weak trend during the year. On average, the share’s total yield has been favourable in recent years.
Trelleborg’s financial targets reflect the Group’s ambition to increase value generation and be a world leader in selected market segments and geographic markets, in addition to an assessment of global growth and adequate financial security.
The Trelleborg Group strengthened its positions and operating margins during the year, despite a challenging market situation in several geographic markets and segments. Net sales rose and the operating profit and margin were the highest to date for the Group. The operating margin surpassed the long-term profitability targets.
Significant events during the year included: a unique Star for Life programme supported by Trelleborg officially started at Kelani College (Kelani Maha Vidyalaya), in Colombo, Sri Lanka; the acquisition of a 51% stake in a North American company that develops and manufactures polymer-based sealing systems for various types of pipes deployed in water and wastewater systems; the decision to relocate one of the US manufacturing facilities for precision seals to boost production efficiency and ensure that the requirements of future growth can be met; a new marine systems sales and business development office was opened in the US specialising in the global oil and gas industry; Trelleborg’s offshore operation in Brazil obtained a manufacturing license, Licença Municipal de Operação (LMO), for its Vikotherm thermal insulation technology.
The pace of innovation in the Group is high and several new products were launched during the year.
The Trelleborg Group continued to strengthen its positions during the year, despite a challenging market situation in several markets and segments. Net sales increased by 5%, operating profit improved by 15 % and was, like the operating margin of 13.3%, the highest to date for the Group.
Edited from source by Elizabeth Corner
Read the article online at: https://www.worldpipelines.com/business-news/23032015/trelleborg-annual-results-2014/
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