Annual General Meeting 2002
Annual General Meeting 2002 In his address to shareholders at the Annual General Meeting of Seco Tools AB on May 6, President and CEO Lars Renström talked about the importance of events during 2001 and development during the first quarter of 2002. The sales decline of 7 percent in 2002 is due mainly to declining demand in Europe, in parallel with continued weak market conditions in the US and Japan. He also presented a description of activities carried out in 2001 to generate stronger growth, including both company acquisitions and investments in product development. Through the acquisition