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NORMA Group expects further growth following record highs in 2011
DGAP-News: NORMA Group AG / Key word(s): Final Results/Forecast
NORMA Group expects further growth following record highs in 2011
28.03.2012 / 07:07
NORMA Group expects further growth following
record highs in 2011
- Sales growth of between 3% and 6% anticipated in 2012
- Sales increase by 18.5% in 2011 to EUR 581.4 million (2010: EUR 490.4
million)
- Adjusted EBITA up 20.2% to EUR 102.7 million (2010: EUR 85.4 million)
- Order backlog reaches EUR 218.6 million
- Significant improvement in equity ratio after IPO to 39.5%
- Dividend of EUR 0.60 per share proposed
Maintal, Germany, 28 March 2012 - NORMA Group AG (´NORMA Group´), a global
market and technology leader in engineered joining technology, achieved
record sales and earnings figures in the 2011 financial year. Sales
improved by 18.5% to EUR 581.4 million (2010: EUR 490.4 million) in the
reporting period. Excluding acquisitions, NORMA Group´s organic growth came
to EUR 65.6 million in 2011, representing a 13.4% increase year-on-year.
The US companies R.G.Ray (NORMA Illinois) and Craig Assembly (NORMA St.
Clair) were fully integrated at the end of the first quarter of 2011 and
generated EUR 32.0 million in the 2011 financial year. NORMA Group´s
adjusted operating earnings (adjusted EBITA) totalled EUR 102.7 million
(2010: EUR 85.4 million), an increase of 20.2%. All three regional
reporting segments, EMEA (Europe, Middle East, Africa), the Americas and
Asia-Pacific, contributed to this improvement. NORMA Group´s adjusted EBITA
margin of 17.7% was a new record high (2010: 17.4%). Werner Deggim, CEO of
NORMA Group, said: ´2011 was an outstanding year for NORMA Group. We set
new sales and earnings records. Our order backlog also grew, showing that
demand for our innovative products remains strong. We are also optimistic
about the current 2012 financial year.´ NORMA Group expects Group sales to
grow by between 3% and 6% compared to the previous year.
NORMA Group´s order backlog also grew considerably in 2011. Its volume of
EUR 218.6 million exceeds the previous year´s level (EUR 188 million) by
more than 16%. All regional segments of NORMA Group posted an increased
order backlog. In the fourth quarter of 2011, NORMA Group´s sales came to
EUR 139.6 million, an increase of 8.3% over the same quarter in the
previous year due to a continuously high customer demand.
Sales and earnings up in all regions
The EMEA region as a whole performed well in 2011, as did the eurozone and
Eastern European markets. Sales in this region grew by 10.7% from EUR 336.7
million to EUR 372.7 million. 2011 saw NORMA Group expand its presence in
the dynamic Eastern European markets and open a new production facility in
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