NORMA Group generates sales and earnings at new high in 2012
Maintal, Germany, 20 February 2013
• Preliminary sales increased by 4% to EUR 605 million compared to the previous year
• Adjusted EBITA improved by 3% to EUR 105 million
• Adjusted EBITA margin remains strong at 17.4%
NORMA Group AG ("NORMA Group"), a global market and technology leader for engineered joining technology, achieved solid growth in financial year 2012. According to preliminary and unaudited figures, sales grew by 4% to EUR 605 million in the past financial year (2011: EUR 581 million). This is in line with the revised guidance from November 2012. The SDAX-listed company, an index for small and medium-sized companies in Germany, ended financial year 2012 with adjusted operating earnings (adjusted EBITA) of EUR 105 million in spite of volatile European markets (2011: EUR 103 million). The adjusted EBITA margin remained at a consistently high level of 17.4%. Net debt excluding hedging instruments stabilised at EUR 174 million in spite of acquisitions and dividend payments (31 December 2011: EUR 177 million).
“NORMA Group performed strongly in financial year 2012. We continued to grow even though the environment in Europe proved difficult,” says Werner Deggim, CEO of NORMA Group. “Our superior innovative strength will also enable us to consistently benefit from global mega-trends going forward. We provide the joining technology needed to comply with new emission regulation such as the Euro 6 emission standard.”
In its most recent guidance for financial year 2012, NORMA Group had forecasted sales of about EUR 600 million and an EBITA margin of approximately 17.0%.
Slight decline in the fourth quarter of 2012
NORMA Group generated sales of EUR 137 million in the fourth quarter of 2012. This represents a slight year-on-year decline of 2% even though the economic situation in Europe has deteriorated (Q4/2011: EUR 140 million). Adjusted EBITA fell slightly by 3% to EUR 22 million (Q4/2011: EUR 23 million). The adjusted EBITA margin was 16.0% (Q4/2011: 16.2%).
NORMA Group AG – Preliminary figures for financial year 2012
