DGAP-News: NORMA Group with record sales and earnings in 2011
NORMA Group with record sales and earnings in 2011
- Preliminary sales of fiscal year 2011 exceed forecast
- Sales increase by 18.5% to EUR 581 million compared to the previous
year
- Adjusted EBITA improves by 20.2% to EUR 103 million
- Adjusted EBITA margin rises from 17.4% to the record level of 17.7%
- Net debt decreases to below EUR 200 million
- Order backlog increases from EUR 188 million in the previous year to
EUR 219 million
Maintal, Germany, 27 February 2012 - NORMA Group AG (´NORMA Group´), an
international market and technology leader in engineered joining
technology, achieved record sales and earnings in fiscal year 2011.
According to preliminary figures, sales grew by 18.5% to EUR 581.4 million
(2010: EUR 490.4 million) in the past fiscal year. The adjusted operating
earnings (adjusted EBITA) of EUR 102.7 million was up 20.2% year on year
(2010: EUR 85.4 million). NORMA Group thus even slightly exceeded the sales
forecast it had revised upwards in July 2011. Over the full year, the
adjusted EBITA margin improved from 17.4% in the previous year to the
record level of 17.7%. The net debt of the SDAX company has been reduced to
EUR 198 million (31.12.2010: EUR 344 million). The order backlog increased
to EUR 219 million by the end of the financial year 2011 compared to EUR
188 million in the previous year. This enables NORMA Group to look to the
fiscal year 2012 with confidence.
Werner Deggim, CEO of NORMA Group: ´We are looking back on a very
successful year that even exceeded our own expectations. The IPO in April
2011 was certainly a milestone, but our business and our earnings also
showed substantial momentum. We grew across all divisions and regions.´
In its last guidance for the financial year 2011, NORMA Group had
forecasted sales of about EUR 570 million and an EBITA margin of near
18.0%.
Positive development including fourth quarter of 2011
In the fourth quarter of 2011, NORMA Group generated sales of EUR 139.6
million up 8.3% compared to the previous year (Q4/2010: EUR 128.9 million).
Adjusted EBITA grew by 9.5% to EUR 22.6 million (Q4/2010: EUR 20.6
million). The adjusted EBITA margin was 16.2% (Q4/2010: 16.0%).
NORMA Group AG - in figures
Overview of key financial Financial Year 2011 Financial Year 2010
indicators
(in EUR millions) 01.01. - 31.12.2011 01.01. - 31.12.2010
Sales 581.4 490.4
Adjusted EBITA 102.7 85.4
Adjusted EBITA margin 17.7 % 17.4 %
Net debt (31.12.) 198 344
Order book (31.12.) 219 188
Overview of key financial indicators
(in EUR
millions) Q4 2011 Q4 2010
Sales 139.6 128.9
Adjusted EBITA 22.6 20.6
Adjusted EBITA margin 16.2 16.0
More information is available from the Investor Relations section at
http://www.normagroup.com.
Upcoming events
A comprehensive report with detailed explanation will be provided upon
presentation of the final fiscal 2011 figures at the balance sheet press
conference as well as the analyst and investor conference on 28 March 2012.
For more information
Daphne Recker
Media Relations
Email: daphne.recker@normagroup.com
Tel.: +49 (0)6181 - 610 2743
Andreas Trösch
Investor Relations
Email: andreas.troesch@normagroup.com
Tel.: +49 (0)6181 - 610 2741
About NORMA Group
NORMA Group is an international market and technology leader in engineered
joining technology. The company manufactures a wide range of innovative
engineered joining technology solutions in three product categories (clamp,
connect and fluid) and offers more than 35,000 high-quality products and
solutions to approximately 10,000 customers in 80 countries. NORMA Group
joining products can be found in vehicles, ships, trains, aircraft,
domestic appliances, engines and plumbing systems. NORMA Group generated
preliminary sales of around EUR 580 million in 2011. With around 4,200
employees, NORMA Group operates a global network of 17 production
facilities as well as eleven other sales and distribution sites across
Europe, the Americas and Asia-Pacific. NORMA Group has its headquarters in
Maintal, near Frankfurt am Main, Germany. NORMA Group was formed in 2006 as
a result of the merger between the German Rasmussen Group and the Swedish
ABA Group. Since April 2011, NORMA Group is listed on the German stock
exchange.
Disclaimer
This press release contains certain future-oriented statements.
Future-oriented statements include all statements which do not relate to
historical facts and events and contain future-oriented expressions such as
´believe´, ´estimate´, ´assume´, ´expect´, ´forecast´, ´intend´, ´could´ or
´should´ or expressions of a similar kind. Such future-oriented statements
are subject to risks and uncertainties since they relate to future events
and are based on the company´s current assumptions, which may not in the
future take place or be fulfilled as expected. The company points out that
such future-oriented statements provide no guarantee for the future and
that the actual events including the financial position and profitability
of the NORMA Group AG and developments in the economic and regulatory
fundamentals may vary substantially (particularly on the down side) from
those explicitly or implicitly assumed in these statements. Even if the
actual assets for the NORMA Group AG, including its financial position and
profitability and the economic and regulatory fundamentals, are in
accordance with such future-oriented statements in this press release, no
guarantee can be given that this will continue to be the case in the
future.
End of Corporate News
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DGAP-News: NORMA Group with record sales and earnings in 2011
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