NORMA Group AG starts financial year 2013 with stable sales
– With EUR 159.3 million, sales over the first three months almost unchanged
– Adjusted EBITA slightly down by 2.9% to EUR 28.3 million
– Guidance for financial year 2013 confirmed
Maintal, Germany, 7 May 2013 – NORMA Group AG (‘NORMA Group’), a global market and technology leader for engineered joining technology, generated nearly stable sales and earnings in the first quarter of 2013 compared to the reference period in the previous year. Group sales over the first three months of the year amounted to EUR 159.3 million, in line with the previous year (EUR 159.7 million; minus 0.3%). Adjusted operating earnings (EBITA) of NORMA Group declined slightly by 2.9% to EUR 28.3 million in the first quarter of 2013 (previous year: EUR 29.2 million). As a result, the adjusted EBITA margin for the first three months of the financial year amounted to 17.8% (previous year: 18.3%).
‘We are pleased that we could maintain stable sales in the first quarter of 2013 compared to previous year’s quarter, given the still uncertain economic development in Europe. The operating margin remains at a consistently high level,’ says Werner Deggim, CEO of NORMA Group. With EUR 229.1 million, the order backlog as at 31 March 2013 had increased quarter on quarter (31 December 2012: EUR 215.4 million).
Acquisitions as growth drivers in EMEA and Asia-Pacific (…)
via NORMA Group AG starts financial year 2013 with stable sales – dgap.de.