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NORMA Group SE — Earnings Release 2012
Feb 20, 2013
311_ip_2013-02-20_fb54ee4d-d964-410f-b28a-1e031cb1393c.pdf
Earnings Release
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Highlights – Preliminary, unaudited Results 2012
| Sales | Growth of ~ 4%* leads to record sales of ~ EUR 605 million (2011: EUR 581 million) |
|---|---|
| Adjusted EBITA | Record adj. EBITA of ~ EUR 105.4 million (2011: EUR 103 million) |
| Margin | Sustainable Margin level at ~ 17.4% (2011: 17.7%) High cost discipline during slower 4th quarter |
| Net Debt | Net debt lowered to EUR 174 million** despite ~ EUR 50 million for dividend and acquisitions (2011: EUR 177 million) |
| Cash Flow | Operating net cash flow grows by approx. 23% to ~ EUR 82 million (2011: EUR 66.8 million) |
including consolidation effects organic growth including currency *Excluding EUR 25 million |
from acquisitions of around EUR 14 million / approx. 2.5% effects approx. 1.5% derivative financial liabilities (2011: EUR 22 million) |
Highlights – Preliminary, unaudtited Results 2012
| Full Year 2012 |
Q4 / 2012 |
||
|---|---|---|---|
| Sales | ~ EUR 605* million / +4% (2011: EUR 581 million) |
~ EUR 137** million / -2% (2011: EUR 140 million) |
|
| Adjusted EBITA | ~ EUR 105.4 million / +3% (2011: EUR 102.7 million) |
~ EUR 22 million / -3% (2011: EUR 22,6 million) |
|
| Margin | ~ 17.4% (2011: 17.7%) | ~ 16.0% (2011: 16.2%) | |
| Sales Q4 | Sales almost on prior years level Acquisitions counteract weaker EU economy |
||
| Margin Q4 | High cost discipline ensured sustainable margin in 4th |
quarter | |
including consolidation effects from organic growth including currency *including consolidation effects from organic growth including currency |
acquisitions of around EUR 14 million / approx. 2.5% effects approx. 1.5% acquisitions of around EUR 5.8 million / approx. 4.2% effects approx. minus 5.8% |
||
Historic Growth Track Record
Historic revenue development (1997 – 2012)
1997 to 2012: 16 years of growth
New Acquisitions Lead to Sales Run Rate of EUR 625* m
| Sales consolidation effects 2012 / 2013 in EUR million |
2012 | 2013 | Total | |
|---|---|---|---|---|
| Connectors Verbindungstechnik AG |
Switzerland | 11 | 4 | 15 |
| Nordic Metalblok S.r.l. |
Italy | 3 | 3 | 6 |
| Chien Jin Plastic Sdn. Bhd. |
Malaysia | 0 | 7 | 7 |
| Groen Bevestigingsmaterialen B.V.** |
Netherlands | 0 | 2 | 2 |
| Davydick & Co. Pty. Limited |
Australia | 0 | 4 | 4 |
| Total | 14 | 20 | 34 |
* preliminary sales 2012 of EUR 605 million plus consolidation effects 2013 of EUR 20 million
** increase in ownership from 30% to 90%
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| Event | Date | |
|---|---|---|
| Publication of Full Year Results 2012 |
27 March 2013 | |
| Publication of Q1 Results 2013 |
07 May 2013 | |
| Annual General Meeting | 22 May 2013 | |
| Publication of Q2 Results 2013 |
07 August 2013 | |
| Publication of Q3 Results 2013 |
06 November 2013 | |
| Contact Andreas Troesch Vice President Investor Relations Phone: +49 6181 6102-741 Fax: +49 6181 6102-7641 |
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| Email: [email protected] |
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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.