PRESS RELEASE: NORMA Group generates record sales and earnings in 2013

DGAP-News: NORMA Group SE / Key word(s): Final Results/Preliminary Results NORMA Group generates record sales and earnings in 2013

19.02.2014 / 07:11

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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

See the article here:
PRESS RELEASE: NORMA Group generates record sales and earnings in 2013

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