NORMA Group posts successful financial year 2014
Preliminary sales increase by 9.3% year on year to the record level of EUR 694.7 million in 2014
Preliminary adjusted EBITA improves by 7.9% to EUR 121.5 million
Preliminary adjusted EBITA margin remains at a high level of 17.5%
Maintal, Germany, 18 February 2015 – NORMA Group SE (“NORMA Group”), a global market leader in engineered joining technology, continued on its successful course in financial year 2014 by increasing both its sales and its earnings to record levels. According to preliminary and unaudited figures, sales rose by 9.3% to EUR 694.7 million in 2014 compared to the previous year (2013: EUR 635.5 million). The acquisitions made in 2013 and 2014 contributed EUR 22.0 million to this result. Sales grew organically by 6.5% in financial year 2014. The MDAX-listed company increased its adjusted operating earnings (adjusted EBITA) by 7.9% to EUR 121.5 million from EUR 112.6 million the previous year. The adjusted EBITA margin in financial year 2014 remained at a high level of 17.5% (2013: 17.7%). The figures for 2014 were thus in line with the forecast. NORMA Group had expected to achieve solid organic growth in sales of around 4 to 7% in financial year 2014 compared to the previous year and an adjusted EBITA margin at the same level as in previous years of over 17%. Net debt ex hedging instruments amounted to EUR 352.9 million as of the reporting date 31 December 2014 compared to EUR 138.2 million on 31 December 2013. This figure also includes financial debt for acquisitions in 2014.“We are pleased that we were able to end financial year 2014 successfully. NORMA Group managed to continue its growth despite the global economic uncertainties and geopolitical crises,” says Werner Deggim, CEO of NORMA Group. “The scarcity of resources will continue to drive our international business, in particular the shortage of fresh water supplies. The global water market is demanding more efficient and sustainable solutions. For this, we are optimally positioned with the acquisition of the U.S. company National Diversified Sales, Inc. that specialises in water management.”
Strong growth in the fourth quarter of 2014
Sales increased significantly by 15.3% in the fourth quarter of 2014 to EUR 176.2 million compared to the same quarter of the previous year (Q4 2013: EUR 152.8 million). Acquisitions contributed EUR 14.9 million toward this figure. Adjusted EBITA increased by 6.0% to EUR 29.2 million (Q4 2013: EUR 27.6 million). The adjusted EBITA margin from October to December 2014 was thus 16.6% (Q4 2013: 18.0%).
NORMA Group posts successful financial year 2014.pdf
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