Release from Trelleborg's AGM

Release from Trelleborg's AGM  

Approximately 700 shareholders attended Trelleborg's Annual General
Meeting in Trelleborg on April 20. The theme for CEO Peter Nilsson's
address was “A focused industrial Group”.

“For Trelleborg, 2010 was a successful year. Our strategies and action
program generated excellent income and profitability results when the
recovery in the global economy gathered momentum again. Sales in
continuing operations increased to slightly more than SEK 27 billion and
organic growth was 17 percent. Operating margins improved as a result of
increased sales volumes and a more efficient structure.

“As an industrial Group we have created a solid ground for the future.
We develop innovative and reliable solutions that seal, damp and protect
in demanding industrial environments. We combine polymer technology and
a unique application know-how.

“In recent years, we have focused on strengthening the future
competitiveness of the Trelleborg Group. Trelleborg is today well
positioned with a better geographical balance and more effective
structures. We have increased presence in the emerging markets of
Eastern Europe, Asia and Latin America. For example, sales in Asia rose
157 percent in 2010, compared with 2005. Similarly, sales in South and
Central America rose 110 percent.

“We have implemented a number of acquisitions and divestments. A more
substantial journey of change was initiated in early 2011 when a letter
of intent was signed with Freudenberg to form a joint venture for light
and heavy vehicles. I believe it is an excellent value-generating
solution for Trelleborg. The joint venture will provide us with the best
opportunity for advancing the antivibration operation, while it enables
Trelleborg to focus on remaining business. The contractual process is
ongoing and some issues remain to be solved.”

Board of Directors
In accordance with a proposal from shareholders representing
approximately 66 percent of the votes in the company, Heléne Vibbleus
Bergquist, Claes Lindqvist, Anders Narvinger, Sören Mellstig,
Hans Biörck, Nina Udnes Tronstad, Bo Risberg and Peter Nilsson were
re-elected Board members. The Annual General Meeting elected Anders
Narvinger as Chairman of the Board.

Dividend
The Meeting resolved in accordance with the Board of Directors' and
President's motion to pay a dividend of SEK 1.75 per share. The record
date for the dividend is April 27, which means that the dividend is
expected to be paid from Euroclear Sweden AB on May 2, 2011.

 

For further information, please contact:
Media: Vice President Media Relations Karin Larsson, 46 (0)410 67094, 46
(0)733 747015,
karin.larsson@trelleborg.com (karin.larsson@trelleborg.com)
Investors/analysts: Vice President IR Conny Torstensson, 46 (0)410
67070, 46 (0)734 087070, conny.torstensson@trelleborg.com