Press release
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Press release TRELLEBORG Trelleborg , December 2 , 2021 Trelleborg presents new financial targets and proposes program for the repurchase of its own shares The Trelleborg Group is today holding a Capital Markets Day . During the afternoon , Trelleborg's strategic priorities and targets , the Group's financial performance and progress in the area of sustainability and new digital solutions , will be presented . All presentations will be available at www.trelleborg.com . " Trelleborg's strategy - to secure leading positions in selected segments - stands firm . The conditions are better than ever , both operationally , and thanks to trends such as increased electrification , digitization , and industrial automation . Trelleborg has a clear and decisive role in the transformation of global society . We prioritize investments in segments with potential for high growth and profit , and we continue to focus on areas that give us a high return on capital employed , " says Peter Nilsson , President and CEO of Trelleborg Group . " Demand for our balanced portfolio of solutions generates sales and margins that are evenly distributed over the business cycle . Our long - term customer relationships are based on close collaboration on innovations with well - known industry players , who are on the same journey as ourselves in the direction of better sustainability , " concludes Peter Nilsson . " We have demonstrated good profitability and a favorable earnings trend in recent years , despite , to say the least , challenging market conditions . We have also recently completed a strategic review from 2019 , which was tasked with evaluating various structural initiatives for a number of operations . This included the divestment of several companies with combined sales of more than SEK 3,200 M. We are now fully focused on continuing to develop the Group , driving organic growth but also accelerating company acquisitions , which is supported by our strong cash flow , " says Fredrik Nilsson , CFO of Trelleborg Group . " Recent progress provides us with the confidence to present our new financial targets for the Group today , together with the Board's intention to , at an Extraordinary General Meeting , propose a program for the repurchase of our own shares . Trelleborg's financial position will be strong and capable of providing the headroom to continue to develop the Group , even after the proposed share buybacks , " concludes Fredrik Nilsson . Trelleborg's updated financial targets 1. Sales growth Total sales growth over an economic cycle is to amount to 5 to 8 percent . 2. EBIT margin Over an economic cycle , the EBIT margin , excluding items affecting comparability , is to amount to ≥16 percent . 3. Return on capital employed Over an economic cycle , return on capital employed ( ROCE ) , excluding items affecting comparability , is to amount to ≥14 percent . cont .