AI assistant
NORMA Group SE — AGM Information 2013
May 22, 2013
311_rns_2013-05-22_2c97a4b9-8312-4d2a-b01a-e4a2b69b1427.html
AGM Information
Open in viewerOpens in your device viewer
News Details
Corporate | 22 May 2013 13:48
NORMA Group AG resolves to pay a dividend of EUR 0.65 for financial year 2012
NORMA Group AG / Key word(s): AGM/EGM
22.05.2013 / 13:48
NORMA Group AG resolves to pay a dividend of EUR 0.65 for financial year 2012
Frankfurt am Main, Germany, 22 May 2013 – NORMA Group AG (‘NORMA Group’), a global market and technology leader for engineered joining technology, held its second ordinary Annual General Meeting today. The general meeting resolved to distribute a dividend of 0.65 EUR per share or a total of EUR 20.7 million, which is equivalent to a 33.5% pay-out of the adjusted net group profit generated in 2012 (EUR 61.8 million). Via this dividend, shareholders participate in the company’s solid performance. NORMA Group generated record sales and earnings in financial year 2012. Sales grew by 4.0% to EUR 604.6 million (2011: EUR 581.4 million). Adjusted operating earnings (adjusted EBITA) increased by 2.7% to EUR 105.4 million (2011: EUR 102.7 million). The EBITA margin remained at a solid 17.4% in 2012 (2011: 17.7%).
New legal structure as SE
The proposal advanced by the management and supervisory boards to change the legal structure of the company into a European corporation (Societas Europaea) under the name of NORMA Group SE was approved by a large majority at the Annual General Meeting. ‘The legal structure of an SE reflects a modern, entrepreneurial Europe and underscores the international and open-minded corporate culture of NORMA Group,’ the CEO of NORMA Group Werner Deggim said in his speech. ‘The proposed transformation is therefore consistent with NORMA Group’s corporate development.’
Erika Schulte appointed as supervisory board member
The shareholders confirmed Erika Schulte as a member of NORMA Group AG’s supervisory board after she had been court-appointed as a new member upon the suggestion of the management board and the approval by the supervisory board on 18 February, 2013. By training a mathematician, Erika Schulte is Managing Director of Hanau Wirtschaftsfoerderung GmbH, Brueder-Grimm-Berufsakademie Hanau GmbH and Technologie- und Gruenderzentrum Hanau GmbH.
Start into current financial year in line with expectations
NORMA Group’s sales and earnings in the first quarter have been in line with the board’s expectations. ‘As anticipated, the economic slowdown translated into a muted start into 2013. Our group sales and operating earnings over the first three months were broadly in line with those achieved in 2012,’ Werner Deggim said. ‘The operating margin remained at a very strong 17.8%.’
Guidance for 2013 confirmed
The company confirmed its guidance for 2013. ‘We expect group organic sales to grow moderately compared to 2012,’ Werner Deggim said. There will be additional sales of about EUR 20 million from the consolidation of the acquisitions of 2012 and 2013. The company intends to again deliver an EBITA margin of more than 17% in 2013, which would be in line with the levels of the past three years.
Additional information on the Annual General Meeting 2013 will be available on www.normagroup.com/AnnualGeneralMeeting . Press photos are available from our platform on www.normagroup.com/presspictures .
Contact
NORMA Group AG
Daphne Recker
Media Relations
E-Mail: [email protected]
Tel.: +49 (0)6181 – 6102 743
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 30,000 high-quality products and solutions to approximately 10,000 customers in 100 countries. NORMA Group joining products can be found in vehicles, ships, trains, aircraft, domestic appliances, engines and plumbing systems as well as in applications for the pharmaceutical and biotechnology industry. NORMA Group generated sales of around EUR 605 million in 2012. With around 4,500 employees, NORMA Group operates a global network of 19 production facilities as well as numerous sales and distribution sites across Europe, the Americas, and Asia-Pacific. NORMA Group has its headquarters in Maintal near Frankfurt am Main, Germany. The company 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 and included in the MDAX index since March 2013.
End of Corporate News
22.05.2013 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
| Language: | English |
| Company: | NORMA Group AG |
| Edisonstr. 4 | |
| 63477 Maintal | |
| Germany | |
| Phone: | +49 (0)6181-6102-741 |
| Fax: | +49 (0)6181-6102-7641 |
| E-mail: | [email protected] |
| Internet: | www.normagroup.com |
| ISIN: | DE000A1H8BV3 |
| WKN: | A1H8BV |
| Indices: | MDAX |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart |
| End of News | DGAP News-Service |
| - - - |
| 212500 22.05.2013 |