Annual report 2011 - Trelleborg

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Trelleborg AB is a public limited liability company. Corporate registration number: 556006-3421. The Group’s headquarters are in Trelleborg, Sweden. This is a translation of the company’s definitive Annual Report for 2011 in Swedish. All values are expressed in Swedish kronor. Kronor is abbreviated to SEK and millions of kronor to SEK M. Unless otherwise stated, figures in parentheses relate to the 2010 fiscal year. All figures in the section “Our operations” relate to continuing operations, unless otherwise stated. Data on markets and competitive positions represent Trelleborg’s own assessments unless a specific source is indicated. These assessments are based on the most recent and reliable information from published sources in the public and industrial goods sectors. Audited Annual Report, pages 4–46 and 63–103. Assured Corporate Responsibility Report, pages 47–61. Index with reference to Global Reporting Initiative (GRI): An indicator in parent heses signifies a partially reported indicator. Indicator categories: EC=Economic, EN =Environmental, LA=Labor practices and decent work, HR=Human rights, SO =Society, PR=Product responsibility. “Governance EC, EN, LA, HR, SO, PR” entails reporting of the indicator “Disclosures on Management Approach.” Annual Report 2011 Trelleborg AB CONTENT 2011 in brief ...................................................................1 President and CEO Peter Nilsson .......................................2 Our operations .................................................... 4-26 Toward the Trelleborg of the future .....................................4 The Group in brief.............................................................6 Business areas ...........................................................8-15 Trelleborg Engineered Systems ..........................................8 Trelleborg Sealing Solutions ...........................................10 Trelleborg Wheel Systems ...............................................12 Trelleborg Automotive .....................................................14 Trelleborg and polymers – seal, damp and protect .............16 Global conditions ...........................................................18 Our market ....................................................................20 Our business concept ...............................................22-26 Vision, business concept and strategies .........................22 Financial targets ............................................................23 Growth ..........................................................................24 Excellence .....................................................................25 Innovation ......................................................................26 Governance and responsibility ......................28-46 Risks and risk management ......................................28-33 Corporate Governance Report ...................................34-46 Foreword by the Chairman of the Board ............................34 Corporate governance .....................................................35 Board of Directors ..........................................................38 Group Management ........................................................40 Overview of governance in the Trelleborg Group ................42 Report by the Board of Directors on Internal Control .........44 Corporate Responsibility ................................48-61 Corporate Responsibility 2011 in brief .............................48 Target indicators, outcome and progress 2011 .................49 Foreword by the President and CEO .................................50 Governance and Code of Conduct ....................................51 Values and strategy ........................................................52 Active stakeholder dialog ................................................53 Environmental responsibility ............................................54 Responsibility for employees and the workplace ...............56 Responsibility for customers and suppliers ......................58 Responsibility for society and the community ...................59 Index .............................................................................60 Assurance report ............................................................61 Our finances ................................................... 64-103 Comments on the consolidated income statements ..........64 Consolidated income statements ....................................65 Comments on the consolidated balance sheets ................70 Consolidated balance sheets ..........................................71 Comments on the consolidated cash-flow statements .......73 Consolidated cash-flow statements..................................74 Notes – Group ........................................................... 75-93 Parent Company income and cash-flow statements ...........94 Parent Company balance sheets ......................................95 Parent Company notes ............................................... 96-98 Proposed treatment of unappropriated earnings ...............99 Audit report .................................................................100 Ten-year overview .........................................................101 The Trelleborg share .....................................................102 The World of Trelleborg .................................................104 Annual General Meeting 2012 .......................................106 Financial definitions and glossary ..................................107 www.trelleborg.com .....................................................108 Addresses ...................................................................109 GRI: 2.1, 2.4, 2.6
TRELLEBORG IN BRIEF GLOBAL LEADER IN POLYMER TECHNOLOGY AND APPLICATIONS KNOW-HOW The Trelleborg brand is well recognized throughout the world in a range of different market segments. It represents Trelleborg’s promise and offering: innovative and reliable solutions that seal, damp and protect in demanding industrial environments. Based on advanced polymer technology and in-depth application know-how, we strive to give our customers something they cannot get from others. This is what we have done for more than 100 years. Founded in 1905 Sales in 2011: sek 29,106 m Employees at year-end 2011: 21,307 Trelleborg Group’s geographic distribution of net sales 2006-2011 Annual Report 2011 Trelleborg AB +11% North America Operations in 44 countries Listed on the Stockholm Stock Exchange since 1964 Head office in Trelleborg, Sweden +48% South and Central America GRI: 2.3, 2.4, 2.5, 2.6, 2.7, 2.8
Page 1: ANNUAL REPORT WE SEAL, DAMP AND PRO
Page 5 and 6: sek 29,106 m Demand was significant
Page 7 and 8: Trelleborg will be able to allocate
Page 9 and 10: FURTHER DEVELOPMENT OF ANTIVIBRATIO
Page 11 and 12: Continuing operations Net sales and
Page 13 and 14: KEY FIGURES Market position, no. 1-
Page 15 and 16: KEY FIGURES 2011 2010 Net sales, se
Page 17 and 18: KEY FIGURES Net sales and ROS* 2011
Page 19 and 20: KEY FIGURES 2011 2010 Net sales, se
Page 21 and 22: About the material’s properties N
Page 23 and 24: WE ARE GROWING IN PACE WITH GLOBALI
Page 25 and 26: INCREASED GLOBAL PRESENCE +11% Nort
Page 27 and 28: OUR FINANCIAL TARGETS Trelleborg sh
Page 29 and 30: EXCELLENCE - CONTINUOUS IMPROVEMENT
Page 31 and 32: Turcon® M12 is the name of a new p
Page 33 and 34: Moreover, because selected parts of
Page 35 and 36: The elevated risk level has been de
Page 37 and 38: Financial risks, cont. Maturity ter
Page 39 and 40: CORPORATE GOVERNANCE Trelleborg is
Page 41 and 42: Independence of the Board The Board
Page 43 and 44: Name Nina Udnes Tronstad Heléne Vi
Page 45 and 46: Name Maurizio Vischi Sören Anderss
Page 47 and 48: President and Group Management The
Page 49 and 50: Control staff function works in acc
Page 51 and 52: As part of the infrastructure proje
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TARGET INDICATORS OUTCOME AND PROGR
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GOVERNANCE AND CODE OF CONDUCT Gove
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ACTIVE STAKEHOLDER DIALOG Trellebor
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in the voluntary reporting process
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workplaces globally. Trelleborg’s
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RESPONSIBILITY FOR SOCIETY AND THE
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ASSURANCE REPORT Auditor’s Report
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Our finances ......................
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CONSOLIDATED INCOME STATEMENTS sek
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Operating profit In addition to dis
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Income statement per quarter Contin
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CONSOLIDATED BALANCE SHEETS Decembe
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COMMENTS ON THE CONSOLIDATED CASH-F
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Note 1 General information The Pare
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Dividend income Dividend income is
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loss. If the loan, and consequently
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Assets and liabilities by business
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Note 4 Auditor’s remuneration sek
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Note 15 Intangible assets Buildings
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Note 18 Deferred tax assets/tax lia
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Note 26 Equity Specification of oth
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At December 31, 2010 Assets at fair
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Note 36 Events after the closing da
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PARENT COMPANY, TRELLEBORG AB Chang
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Note 45 Property, plant and equipme
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Proposed treatment of unappropriate
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TEN-YEAR OVERVIEW Trelleborg Group
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Swedish and foreign ownership, base
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Spain Production: Burgos, Cascante,
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FINANCIAL DEFINITIONS AND GLOSSARY
Page 113 and 114:
ADRESSES Head offices Trelleborg AB
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Annual report 2011 - Trelleborg

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