NORMA Group SE / Key word(s): Final Results/Preliminary Results
19.02.2014 / 07:11
NORMA Group generates record sales and earnings in 2013– Preliminary sales increase by 5.1% year on year to EUR 635.5 million in financial year 2013
– Adjusted EBITA grows by 6.9% to EUR 112.6 million in 2013
– Adjusted EBITA margin improved from 17.4% in the previous year to 17.7% in financial year 2013
Maintal, Germany, 19 February 2014 – NORMA Group SE (‘NORMA Group’), a global market and technology leader for engineered joining technology, continued its growth trend in financial year 2013. According to preliminary and unaudited figures, in the past financial year sales grew by 5.1% to EUR 635.5 million compared to the previous year (2012: EUR 604.6 million). The acquisitions made in 2012 and 2013 contributed EUR 26.7 million to this result. Sales grew organically by 2.5% in the full year 2013. Adjusted operating earnings (adjusted EBITA) increased 6.9% year on year to EUR 112.6 million in 2013 (2012: EUR 105.4 million). The adjusted EBITA margin of the MDax-listed company improved from 17.4% in the previous year to 17.7% in financial year 2013. This translates into record sales and earnings that were in line with the guidance for 2013. NORMA Group had expected consolidated sales to grow moderately in financial year 2013 compared to 2012 and aimed for a sustainable EBITA margin at the same level as the past three years of more than 17%. Net debt ex hedging instruments decreased to EUR 138.2 million in spite of acquisitions and dividend payments (31 December 2012: EUR 174.2 million).
‘2013 has been a successful year for NORMA Group in spite of the economic uncertainty in Europe. The fourth quarter in particular has shown strong momentum and gives us confidence as we start into 2014,’ says Werner Deggim, CEO of NORMA Group. ‘Global megatrends such as scarce resources and the reduction of emissions will drive the global need for engineered joining technology in various industries. We therefore expect our business to continue its progress in 2014.’
Record fourth quarter 2013
The fourth quarter of 2013 showed particular momentum. Between October and December 2013, sales grew by 11.2% to EUR 152.8 million compared to the quarter of the previous year (Q4 2012: EUR 137.3 million). Adjusted EBITA increased by 26.1% to EUR 27.6 million (Q4 2012: EUR 21.9 million). The adjusted EBITA margin was 18.0% in the fourth quarter of 2013 (Q4 2012: 15.9%).
NORMA Group SE – Preliminary figures for financial year 2013*
Key figures at a glance (in EUR millions) Financial year 2013 Financial year 2012 Financial year 2011
Income statement 01/01-31/12/2013 01/01-31/12/2012 01/01-31/12/2011
Sales 635.5 604.6 581.4
Adjusted EBITA 112.6 105.4 102.7
Adjusted EBITA margin 17.7% 17.4% 17.7%
Balance sheet 31/12/2013 31/12/2012 31/12/2011
Net debt** 138.2 174.2 176.7
Key figures at a glance (in EUR millions) Q4 2013 Q4 2012 Q4 2011
Income statement 01/10 – 31/12/2013 01/10 – 31/12/2012 01/10 – 31/12/2011
Sales 152.8 137.3 139.6
Adjusted EBITA 27.6 21.9 22.6
Adjusted EBITA margin 18.0% 15.9% 16.2%
*The results shown in this document are preliminary and have as yet been neither approved by the supervisory board nor reviewed by an external auditor.
**Net debt excluding hedging instruments (2013: EUR 15.3 million).
Adjustment: In 2011 adjusted by non-recurring / non-period-related costs (mainly due to the IPO), restructuring costs as well as other group and normalised items and depreciation from PPA adjustments. In 2012 and 2013 adjusted by depreciation from PPA adjustments.Additional information is available from the Investor Relations section at www.normagroup.com.
Upcoming events
A comprehensive report with more detailed explanation will be provided upon presentation of the final financial figures for 2013 on 27 March 2014.
via NORMA Group – NORMA Group is a world leader in the global market for connecting technology.