Trelleborg Group has revamped its portfolio and is now eyeing growth through mergers and acquisitions as well as investment in "high potential" segments.
Through M&As, increasing global its footprint and "speedboat accelerating" growth in certain segments, the Trelleborg, Sweden-based polymer group aims to increase sales by 5-8 percent, said Chief Financial Officer Fredrik Nilsson.
The Swedish group, meanwhile, aims to raise its earnings before interest and taxes (EBIT) margin to more than 16 percent "in the near term," Nilsson set out at a Dec. 2 capital market day presentation.
"We have a strong list of [acquisition] prospects, which we now like to turn into pipeline, and we are also allocating more resources internally to drive the M&A agenda," he said, noting that Trellebrog had identified 200 acquisition prospects.
In addition, the group's board has called an EGM for Dec. 28 to discuss a share-repurchase program to "adapt the group's capital structure" and deliver "shareholder value."
The goal, Nilsson said, is to repurchase its own shares of approximately $219 million-$328 million per year.