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NORMA Group SE — Earnings Release 2011
Feb 28, 2012
311_ip_2012-02-28_62a79c77-650c-49ea-95f5-2c9d60bb67c3.pdf
Earnings Release
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Highlights – Preliminary Results 2011
| Sales | Growth of ~ 18.5%* leads to record sales of ~ € 581 million (2010: € 490 million) |
|---|---|
| Adjusted EBITA | Record adj. EBITA of ~ € 103 million: first time in company history > € 100 million (2010: € 85 million) |
| Margin | Further margin expansion: ~ 17.7% record margin achieved (2010: 17.4%) |
| Net Debt | € 198 million, including ~ € 22 million derivative financial liabilities (2010: € 344 million, including € 6 million derivative financial liabilities) |
| Visibility | Order book at year end December 31st , 2011 at ~ € 219 million (2010: € 188 million) |
| * Including consolidation |
effect from US acquisitions of around € 20 million / ~4% |
| Organic growth including |
currency effects approx. 14% |
Building a Track Record: 8 Quarters of Strong Sales and Margins
| 2010 | 2011 | |||||||
|---|---|---|---|---|---|---|---|---|
| in € million |
Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 |
| Sales | 106.1 | 124.4 | 131.0 | 128.9 | 150.4 | 145.5 | 145.8 | 139.6 |
| Adjusted EBITA | 19.3 | 22.8 | 22.7 | 20.6 | 28.4 | 25.5 | 26.2 | 22.6 |
| Adjusted EBITA Margin |
18.2% | 18.3% | 17.4% | 16.0% | 18.9% | 17.5% | 18.0% | 16.2% |
| Seasonality | End of crisis | Ramp up |
Full production (no breaks) |
Full production (no breaks) |
Strong Q1 |
Strong Q2 | Strong Q3 | Strong Q4 |
Historic Growth Track Record
Historic revenue development (1997 – 2011)
Rasmussen as the predecessor of the NORMA Group has shown a solid historical organic growth of 9.0% between 1997 and 2005. With the formation of the new group, NORMA Group switched gears into acquisition mode following the merger with ABA in 2006
| Event | Date | ||
|---|---|---|---|
| Publication | of Full Year Results 2011 |
28.03.2012 | |
| Publication | of Q1 Results 2012 |
14.05.2012 | |
| Annual General Meeting | 23.05.2012 | ||
| Publication | of Q2 Results 2012 |
14.08.2012 | |
| Publication | of Q3 Results 2012 |
13.11.2012 | |
| Contact Andreas Troesch Phone: Fax: |
Vice President Investor Relations +49 6181 6102-741 +49 6181 6102-7641 |
||
| Mobile: | +49 1520 910 3619 | ||
| Email: | [email protected] | ||
Disclaimer
This presentation 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 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 or described in these statements.
Even if the actual results 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 presentation, no guarantee can be given that this will continue to be the case in the future.