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NORMA Group SE to pay EUR 0.75 per share to its shareholders

Frankfurt/Maintal, Germany, 20 May 2015 – NORMA Group SE (“NORMA Group”), a global market leader for engineered joining technology, proposed a dividend of EUR 0.75 per share at its fourth Annual General Meeting that was held today. The shareholders approved the recommendation of the Management Board and Supervisory Board at the Jahrhunderthalle in Frankfurt/Main by a large majority and resolved to pay out EUR 23.9 million (2013: EUR 22.3 million). This equates to a distribution ratio of 33.4% (2013: 35.9%) of the adjusted consolidated net income in 2014 of EUR 71.5 million (2013: EUR 62.1 million).

“We posted new record figures for sales and earnings in financial year 2014,” said Werner Deggim, CEO of NORMA Group. “We also continued with our internationalization efforts by acquiring companies like the US water expert National Diversified Sales and opened new plants in Brazil and China.NORMA Group increased its sales by 9.3% in 2014 to EUR 694.7 million (2013: EUR 635.5 million). Adjusted earnings before interest, taxes, depreciation and amortization (adjusted EBITA) increased by 7.9% to EUR 121.5 million in 2014 (2013: EUR 112.6 million). The EBITA margin in 2014 was 17.5% and thus remained at a sustainably high level (2013: 17.7%).

Share price developed well in 2014

The NORMA Group share rose by 11% in 2014. “Our share price performed better than the stock market again last year. The comparative index MDAX rose by only 2.2%,” Werner Deggim said. Only four years after its successful IPO in 2011, NORMA Group now ranks among the 71 largest listed companies in Germany.

Growth through global water management

NORMA Group continues to expand its activities in the area of water management. The acquisition of National Diversified Sales in the USA and the remaining 15% of shares in Chien Jin Plastic in Malaysia were completed in 2014. The Australian distributors Davydick and Guyco were acquired in 2013. “We will continue to diversify our business. By doing so, we will create stability across various markets and regions,” Werner Deggim said. NORMA Group also supports the sustainable use of water through its social involvement. The development aid program NORMA Clean Water was started in 2014 together with the children's aid association Plan International. Around 15,000 students and teachers in the area surrounding the city of Pune in the West Indian state of Maharashtra are to benefit from a better drinking water supply and sanitary infrastructure by 2017.

Favorable start into financial year 2015

NORMA Group had a good start into financial year 2015. “We were able to benefit from the dynamic development in the USA and Asia in particular,” Werner Deggim said. Group sales rose by 24.6% to EUR 221.5 million compared to the first three months of the previous year (Q1 2014: EUR 177.8 million). Adjusted earnings before interest, taxes, depreciation and amortization (adjusted EBITA) increased by 20.2% to EUR 39.2 million in the first quarter of 2015 (Q1 2014: EUR 32.6 million). The adjusted EBITA margin was 17.7% (Q1 2014: 18.4%).

Forecast for 2015 confirmed

In light of a favorable business development in the first quarter of 2015, the forecast for financial year 2015 was confirmed. “We expect group sales in 2015 to grow organically by around a solid 4 to 7% compared to 2014,” Werner Deggim said. Furthermore, NORMA Group expects to generate around EUR 110 million in sales from its acquisitions of National Diversified Sales and Five Star Clamps in the USA. NORMA Group targets a sustainable adjusted EBITA margin at the same level of previous years of more than 17% in 2015.

Additional information on the Annual General Meeting 2015 is available on www.normagroup.com/AGM. Please visit our platform www.normagroup.com/images for press photos.

NORMA Group SE to pay EUR 0.75 per share to its shareholders_final.pdf

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