Elanders AB : Report from the Annual General Meeting 2012
(Thomson Reuters ONE) -
The Annual General Meeting, led by Chairman of the Board Carl Bennet, decided
to:
* adopt the annual accounts for 2011
* discharge the members of the Board and the Chief Executive Officer from
liability for the financial year 2011
* grant the Board a remuneration of a total of SEK 2,320,000 to be divided
among the members for the financial year 2012, including committee work,
according to the proposal in the summons to attend
* appoint, according to the proposal in the summons to attend, the following
members to the Board until the next Annual General Meeting is held in 2013:
Carl Bennet (re-election)
Erik Gabrielson (new election)
Göran Johnsson (re-election)
Cecilia Lager (re-election)
Magnus Nilsson (re-election)
Kerstin Paulsson (re-election)
Johan Stern (re-election)
* appoint, according to the proposal in the summons to attend, Carl Bennet as
Chairman of the Board
* approve the proposal given in the summons to re-elect the auditor
PricewaterhouseCoopers
* the nomination committee until the next Annual General Meeting should be
formed and perform the duties proposed in the summons to attend
* adopt the proposal for the remuneration of senior officers made by the Board
in the summons to attend
* approve the proposal for new share issue given by the Board in the summons.
In his speech the CEO Magnus Nilsson reported on the market trends for the
products that Elanders has traditionally offered to its customers and how some
printed media is facing tough competition from digital media. As a result
Elanders is changing its product offer to existing and new customers along with
broadening its customer base. The acquisition of the German companies fotokasten
GmbH and d|o|m Deutsche Online Medien GmbH are examples of this strategy since
they open the door to the consumer market where fotokasten with its hundreds of
thousands of customers uses d|o|m's technical solutions. Another trend is
increasingly centralized purchasing of printed matter in major international
groups, which is reflected in the fact that Elanders' global business has
increased from 7 to 28 percent of Group net sales between 2007 and 2011.
Magnus Nilsson also presented parts of Elanders' future vision for the division
of net sales in the three product areas Commercial Print, Packaging and
Web2Business that in 2011 was 80, 10 and 10 percent respectively of Elanders'
total sales. Elanders' vision for 2016 is to change the relationship between
these numbers to 40, 30 and 30 percent. This could improve margins and reduce
business cycle effects.
Minutes from the Annual General Meeting will be available on the company website
as soon as they have been verified.
The Board of Directors
Carl Bennet, Chairman of the Board, Phone +46 31 741 64 00 or
Magnus Nilsson, President and CEO, Phone +46 31 750 07 50
2012-05-03 Elanders - Report from the Annual General Meeting 2012:
http://hugin.info/1053/R/1608071/510200.pdf
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Source: Elanders AB via Thomson Reuters ONE
[HUG#1608071]
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Datum: 03.05.2012 - 10:43 Uhr
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