TRELLEBORG, Sweden—Trellebrog A.B. is investing heavily in its digital offerings as it expects substantial growth potential in digital technology when markets recover.
Speaking at the company's capital market day in Stockholm on Dec. 15, CEO Peter Nilsson said Trelleborg had demonstrated stable profitability and a favorable earnings performance despite challenging market conditions in segments such as agriculture, offshore and industries with a high share of hydraulic and pneumatic systems.
"We are expecting that the market will recover," he said. "We are positioning ourselves for an economic recovery and see that digital technology gives us substantial growth potential."
Nilsson added that further development of digital offerings are part of an effort to increase the company's value to customers by making it easier to work with Trelleborg.
Also commenting on the Trelleborg's financial performance, Chief Financial Officer Ulf Berghult, said the company would work toward new financial targets starting from year-end 2016.