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NORMA Group SE — AGM Information 2014
May 21, 2014
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AGM Information
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Corporate | 21 May 2014 13:03
NORMA Group SE distributes EUR 0.70 per share to shareholders
NORMA Group SE / Key word(s): AGM/EGM/Dividend
21.05.2014 / 13:03
NORMA Group SE distributes EUR 0.70 per share to shareholders
Frankfurt am Main, Germany, 21 May 2014 – NORMA Group SE (“NORMA Group”), a global market and technology leader for engineered joining technology, today held its third ordinary annual general meeting since the IPO in 2011 in the DVFA Center in Frankfurt, Germany. The majority of shareholders voted in favour of the proposal by the management and the supervisory board to distribute a dividend of EUR 0.70 to the shareholders (previous year: EUR 0.65). The total distribution volume is EUR 22.3 million (previous year: EUR 20.7 million), which translates into a 35.9% pay-out ratio (previous year: 33.5%) of the adjusted consolidated net profit 2013 of EUR 62.1 million (2012: EUR 61.8 million). With this dividend, NORMA Group wants its shareholders to participate in the strong development of the business.
Werner Deggim, CEO of NORMA Group, is looking back at a gratifying year: “We generated record sales and earnings in 2013. We have expanded our business with targeted acquisitions for instance in Australia and Poland and the increase of capacities. By doing so, we added a new chapter in our growth history.” In 2013, the company generated sales of EUR 635.5 million, an increase by 5.1% compared to the previous year (2012: EUR 604.6 million). The adjusted operating earnings (adjusted EBITA) improved by 6.9% to EUR 112.6 million (2012: EUR 105.4 million). The EBITA margin of 17.7% in 2013 was consistent with previous high levels (2012: 17.4%).
Outstanding share price development
The share of NORMA Group performed in line with the strong development of the business, gaining 72% in 2013. “The outstanding performance of the NORMA Group share reflects the positive development of the business in 2013 and over the past months,” said Werner Deggim in his address to shareholders. Only three years after the successful IPO, the MDAX group is today one of the 80 largest listed companies in Germany.
Growth trend continues
NORMA Group is again expanding in 2014 with milestones in the current financial year 2014 including the establishment of new manufacturing sites in Brazil and China. The activities and the manufacturing capacities in the South American and Asian markets are continually expanded to cater to the growing demand. In addition, NORMA Group made an acquisition in the US in April 2014, taking over the company Five Star Clamps Inc. With the acquisitions of the Australian companies Davydick and Guyco in 2013 and the Malaysian company Chien Jin Plastic, NORMA Group is strengthening its activities in water management. In freshwater supply, NORMA Group is also taking responsibility as a corporate citizen through its NORMA Clean Water project that is being initiated this year. As part of this project, NORMA Group intends to provide 50 schools in the Indian Pune district with clean water and sanitary facilities.
Positive momentum at the beginning of financial year 2014
Overall, NORMA Group started with positive momentum into financial year 2014. “The introduction of the stricter EURO-6 emissions targets and the related step-up in production of new-generation engines contributed to this development,” said Werner Deggim. Group sales over the first three months of 2014 grew by 11.6% year on year to EUR 177.8 million (Q1 2013: EUR 159.3 million). The adjusted operating earnings (adjusted EBITA) improved by 15.2% to EUR 32.6 million in the first quarter of 2014 (Q1 2013: EUR 28.3 million). This brought the adjusted EBITA margin over the first three months of this financial year to 18.4% (Q1 2013: 17.8%).
Guidance confirmed
In the light of the advantageous business development in the first quarter of 2014, the guidance for the full financial year 2014 was confirmed. “We expect group sales in financial year 2014 to grow organically by around a solid 4 to 7% compared to 2013,” said Werner Deggim. In addition, NORMA Group anticipates to generate sales of around EUR 8 million from acquisitions. In 2014 NORMA Group targets a sustainable adjusted EBITA margin at the level of the two previous years of over 17%.
Additional information on the annual general meeting 2014 is available on www.normagroup.com/annual general meeting . Pictures are available on our press website www.normagroup.com/press pictures .
Contact
NORMA Group SE
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 joining technology solutions in three product categories (clamp, connect and fluid) and offers more than 30,000 high-quality products and solutions to around 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. The company generated sales of around EUR 636 million in 2013. With around 5,000 employees, NORMA Group operates a global network of 21 production facilities as well as numerous sales and distribution sites across Europe, the Americas, and Asia-Pacific. The company 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 and included in the MDAX index since March 2013.
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| Language: | English |
| Company: | NORMA Group SE |
| 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 |
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| 269766 21.05.2014 |