Brief: Trelleborg Proposes Dividend Of SEK 6.75 Per Share For 2023

Trelleborg AB

02/02/2024 07:07

Feb 2 (Reuters) - Trelleborg AB  TRELb.ST :
    * TRELLEBORG INDUSTRIAL SOLUTIONS REPORTED ORGANIC SALES FOR
QUARTER THAT WERE MARGINALLY LOWER YEAR-ON-YEAR.
    * IN 2024, WE WILL CONTINUE TO INVEST AT A HIGH RATE.
    * PERFORMANCE OF TRELLEBORG SEALING SOLUTIONS' MARKET
SEGMENTS
ALSO VARIED.
    * INTEGRATION OF ACQUIRED MINNESOTA RUBBER & PLASTICS IS
PROGRESSING ACCORDING TO PLAN
    * WE FIND OURSELVES IN A SOMEWHAT COOLER MACRO ENVIRONMENT
COMPARED TO BEGINNING OF 2023
    * WE MAINTAINED A HIGH LEVEL OF INVESTMENT ACTIVITY DURING
YEAR IN
FORM OF NEW CAPACITY AND EXPANSION OF OUR PRESENCE IN SELECTED
GEOGRAPHIES AND MARKET SEGMENTS
    * IN 2024, WE WILL CONTINUE TO INVEST AT A HIGH RATE
    * PROPOSES A CASH DIVIDEND OF SEK 6.75 PER SHARE (6.00).
    * GROUP STANDS WELL EQUIPPED WITH A VERY STRONG BALANCE
SHEET THAT
ENABLES BOTH VALUE-CREATING ACQUISITIONS AND CONTINUED SHARE
REPURCHASES
    * OUR GENERAL ASSESSMENT IN CURRENT SITUATION IS THAT DEMAND
IN Q1
WILL BE ON A PAR WITH Q4
    * 2024 DEMAND IS EXPECTED TO BE ON A PAR WITH Q4 OF 2023,
ADJUSTED
FOR SEASONAL VARIATIONS
    * GEOPOLITICAL SITUATION ENTAILS A HEIGHTENED DEGREE OF
UNCERTAINTY

Source text for Eikon:  ID:nMFN80XGwp 
Further company coverage:  TRELb.ST 

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