Annual General Meeting 2016 – CEO’s speech
Summary of the CEO’s speech at ProfilGruppen’s 2016 Annual General Meeting
During his speech at the AGM, ProfilGruppen’s President and CEO Per Thorsell reported on, among other things, market developments and some of the past year’s activities and their effects.
Per Thorsell presented the company’s assessment of the market development in 2015, where the market for aluminum extrusions in Europe has increased by about one percent compared to the previous year, while ProfilGruppen’s delivery volume has increased by about seven percent. In Sweden, the corresponding figures are an increase of around two percent for the total market and an increase of thirteen percent for ProfilGruppen.
Furthermore, Per reported on the operations during the past year, where the focus has been on increasing activities and presence in the Swedish and Nordic markets, gradual change of the customer platform for increased profitability and an increased focus on further processing.
Sales by market and industrial segment were reported and a number of examples of new customers were described. It was also reported that market shares had been gained in Sweden and that new tools to the market remained at high levels.
In the fall of 2015, production improved availability, productivity and scrap in all presses. Delivery precision and quality outcomes have continued at a high level. Leadership and skills development have been ongoing during the year.
Per also commented very briefly on the 2015 outcomes for the financial targets, which you can read more about in the annual report.
He summarized the general situation of the company at the end of 2015 by saying that earnings and delivery volumes have improved and that the company is on the right track – but that it still has a long way to go before it has reached its long-term ambitions.
- The market feels stable and the company is gaining market share
- Continued high levels of new tools
- Accessibility and productivity have developed positively
- Defined focus areas
- A lot of knowledge, experience and commitment throughout the organization
In conclusion, Per informed that the company shows a stable start of 2016 in the first quarter and the outlook for the market situation for ProfilGruppen’s products in 2016 is considered satisfactory.