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Trelleborg AB ( ($SE:TREL.B) ) has shared an announcement.
Trelleborg AB’s Board of Directors has decided to continue its share buy-back program, authorized by the Annual General Meeting, to acquire up to 10 million series B shares for a maximum of SEK 2 billion until April 2026. Despite geopolitical uncertainties, the board believes that the buybacks, alongside acquisitions and investments, will enhance shareholder value without limiting the company’s growth potential. The program, initiated in 2022, has already seen significant repurchases, with many shares canceled to optimize the company’s capital structure.
The most recent analyst rating on ($SE:TREL.B) stock is a Hold with a SEK355.00 price target. To see the full list of analyst forecasts on Trelleborg AB stock, see the SE:TREL.B Stock Forecast page.
More about Trelleborg AB
Trelleborg is a global leader in engineered polymer solutions, leveraging extensive materials and applications expertise. The company operates in three main business areas: Trelleborg Industrial Solutions, Trelleborg Medical Solutions, and Trelleborg Sealing Solutions. With operations in around 40 countries, Trelleborg reported annual sales of approximately SEK 34 billion in 2024. The company’s shares have been listed on the Nasdaq Stockholm since 1964.
Average Trading Volume: 342,918
Current Market Cap: SEK82.44B
See more data about TREL.B stock on TipRanks’ Stock Analysis page.