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NORMA Group SE — Earnings Release 2011
Feb 27, 2012
311_rns_2012-02-27_75f33b45-05b9-4ef2-83ae-881e3f6bba48.html
Earnings Release
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Corporate | 27 February 2012 07:08
NORMA Group with record sales and earnings in 2011
NORMA Group AG / Key word(s): Final Results/Preliminary Results
27.02.2012 / 07:08
NORMA Group with record sales and earnings in 2011
– Preliminary sales of fiscal year 2011 exceed forecast
– Sales increase by 18.5% to EUR 581 million compared to the previous year
– Adjusted EBITA improves by 20.2% to EUR 103 million
– Adjusted EBITA margin rises from 17.4% to the record level of 17.7%
– Net debt decreases to below EUR 200 million
– Order backlog increases from EUR 188 million in the previous year to EUR 219 million
Maintal, Germany, 27 February 2012 – NORMA Group AG ('NORMA Group'), an international market and technology leader in engineered joining technology, achieved record sales and earnings in fiscal year 2011. According to preliminary figures, sales grew by 18.5% to EUR 581.4 million (2010: EUR 490.4 million) in the past fiscal year. The adjusted operating earnings (adjusted EBITA) of EUR 102.7 million was up 20.2% year on year (2010: EUR 85.4 million). NORMA Group thus even slightly exceeded the sales forecast it had revised upwards in July 2011. Over the full year, the adjusted EBITA margin improved from 17.4% in the previous year to the record level of 17.7%. The net debt of the SDAX company has been reduced to EUR 198 million (31.12.2010: EUR 344 million). The order backlog increased to EUR 219 million by the end of the financial year 2011 compared to EUR 188 million in the previous year. This enables NORMA Group to look to the fiscal year 2012 with confidence.
Werner Deggim, CEO of NORMA Group: 'We are looking back on a very successful year that even exceeded our own expectations. The IPO in April 2011 was certainly a milestone, but our business and our earnings also showed substantial momentum. We grew across all divisions and regions.'
In its last guidance for the financial year 2011, NORMA Group had forecasted sales of about EUR 570 million and an EBITA margin of near 18.0%.
Positive development including fourth quarter of 2011
In the fourth quarter of 2011, NORMA Group generated sales of EUR 139.6 million up 8.3% compared to the previous year (Q4/2010: EUR 128.9 million). Adjusted EBITA grew by 9.5% to EUR 22.6 million (Q4/2010: EUR 20.6 million). The adjusted EBITA margin was 16.2% (Q4/2010: 16.0%).
NORMA Group AG – in figures
| Overview of key financial indicators (in EUR millions) |
Financial Year 2011 01.01. – 31.12.2011 | Financial Year 2010 01.01. – 31.12.2010 |
| Sales | 581.4 | 490.4 |
| Adjusted EBITA | 102.7 | 85.4 |
| Adjusted EBITA margin | 17.7 % | 17.4 % |
| Net debt (31.12.) | 198 | 344 |
| Order book (31.12.) | 219 | 188 |
| Overview of key financial indicators (in EUR millions) |
Q4 2011 | Q4 2010 |
| Sales | 139.6 | 128.9 |
| Adjusted EBITA | 22.6 | 20.6 |
| Adjusted EBITA margin | 16.2 | 16.0 |
More information is available from the Investor Relations section at www.normagroup.com .
Upcoming events
A comprehensive report with detailed explanation will be provided upon presentation of the final fiscal 2011 figures at the balance sheet press conference as well as the analyst and investor conference on 28 March 2012.
For more information
Daphne Recker
Media Relations
Email: [email protected]
Tel.: +49 (0)6181 – 610 2743
Andreas Trösch
Investor Relations
Email: [email protected]
Tel.: +49 (0)6181 – 610 2741
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 35,000 high-quality products and solutions to approximately 10,000 customers in 80 countries. NORMA Group joining products can be found in vehicles, ships, trains, aircraft, domestic appliances, engines and plumbing systems. NORMA Group generated preliminary sales of around EUR 580 million in 2011. With around 4,200 employees, NORMA Group operates a global network of 17 production facilities as well as eleven other sales and distribution sites across Europe, the Americas and Asia-Pacific. NORMA Group 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.
Disclaimer
This press release 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 the 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 in these statements. Even if the actual assets 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 press release, no guarantee can be given that this will continue to be the case in the future.
End of Corporate News
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| 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 |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart |
| End of News | DGAP News-Service |
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| 158075 27.02.2012 |