NORMA Group SE / Key word(s): Final Results/Forecast
27.03.2014 / 07:13
NORMA Group achieves record figures in 2013 and expects solid sales growth for 2014– Sales increased by 5.1% to EUR 635.5 million in financial year 2013
– Adjusted EBITA improved by 6.9% to EUR 112.6 million
– Adjusted EBITA margin climbed to 17.7%
– Adjusted earnings per share improved to EUR 1.95
– Proposed dividend of EUR 0.70 per share
– Sales expected to grow organically by about 4% to 7% in 2014
Maintal, Germany, 27 March 2014 – NORMA Group SE (“NORMA Group”), a global market and technology leader for engineered joining technology, achieved record sales and earnings in financial year 2013. Sales of the MDAX-listed group increased by 5.1% to EUR 635.5 million over the reporting period (2012: EUR 604.6 million). The acquisitions made in 2012 and 2013 contributed EUR 26.7 million. Organic growth, which is adjusted by acquisitions, amounted to 2.5%. The company increased adjusted operating earnings (adjusted EBITA) by 6.9% to EUR 112.6 million in 2013 (2012: EUR 105.4 million) in spite of the difficult environment in the European region. As a result, NORMA Group achieved a consistently strong EBITA margin at the record level of 17.7% in financial year 2013. The adjusted earnings per share based on the outstanding shares as at 31 December 2013 grew year on year to EUR 1.95 in 2013 (2012: EUR 1.94).
“2013 was another successful year for NORMA Group. While the economic environment led to a weak start into the year, we could compensate its effects over the course of the year,” says Werner Deggim, CEO of NORMA Group. “The engine production start-ups that resulted from the new Euro-6 emissions targets had positive effects on the development of our business since mid-year. Our strategy to expand into important growth markets through targeted acquisitions has also contributed to the positive result. NORMA Group is well-positioned for the future. We therefore expect to see solid growth throughout this financial year 2014.”
NORMA Group expects group sales to show solid organic growth year on year by around 4% to 7% in 2014. Additional sales of around EUR 5 million result from the acquisitions of the Polish company Variant S.A. and the Australian company Guyco Pty. Ltd. in 2013.
Growth in EMEA and Asia-Pacific, currency-related sales decline in the Americas
In the EMEA region, NORMA Group sales grew by a solid 5.6% to EUR 387.9 million in financial year 2013 (2012: EUR 367.5 million). While sales grew moderately only acquisitively with declining volumes in a number of industries in the first quarter 2013, the improved economic environment led organic sales to accelerate moderately in the second quarter of 2013 and significantly from the third quarter of 2013. New production starts on the back of the Euro-6 norm contributed to the highly dynamic development in the fourth quarter of 2013. In June 2013, NORMA Group acquired the distribution business of Variant S.A. in Poland. This move strengthened the company’s distribution network in Eastern Europe and shortened the supply chain to end users by one level. In addition, NORMA Group increased existing capacity in the German sites of Maintal and Gerbershausen as well as in the UK and Serbia in 2013.
The Americas region generated EUR 191.5 million in sales in 2013, which fell slightly short of the previous year’s EUR 193.3 million due to negative currency effects. (…)
via NORMA Group achieves record figures in 2013 and expects solid sales growth for 2014 – dgap.de.