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NORMA Group SE — Earnings Release 2013
Feb 19, 2014
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Earnings Release
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Corporate | 19 February 2014 07:11
NORMA Group generates record sales and earnings in 2013
NORMA Group SE / Key word(s): Final Results/Preliminary Results
19.02.2014 / 07:11
NORMA Group generates record sales and earnings in 2013
– Preliminary sales increase by 5.1% year on year to EUR 635.5 million in financial year 2013
– Adjusted EBITA grows by 6.9% to EUR 112.6 million in 2013
– Adjusted EBITA margin improved from 17.4% in the previous year to 17.7% in financial year 2013
Maintal, Germany, 19 February 2014 – NORMA Group SE (‘NORMA Group’), a global market and technology leader for engineered joining technology, continued its growth trend in financial year 2013. According to preliminary and unaudited figures, in the past financial year sales grew by 5.1% to EUR 635.5 million compared to the previous year (2012: EUR 604.6 million). The acquisitions made in 2012 and 2013 contributed EUR 26.7 million to this result. Sales grew organically by 2.5% in the full year 2013. Adjusted operating earnings (adjusted EBITA) increased 6.9% year on year to EUR 112.6 million in 2013 (2012: EUR 105.4 million). The adjusted EBITA margin of the MDax-listed company improved from 17.4% in the previous year to 17.7% in financial year 2013. This translates into record sales and earnings that were in line with the guidance for 2013. NORMA Group had expected consolidated sales to grow moderately in financial year 2013 compared to 2012 and aimed for a sustainable EBITA margin at the same level as the past three years of more than 17%. Net debt ex hedging instruments decreased to EUR 138.2 million in spite of acquisitions and dividend payments (31 December 2012: EUR 174.2 million).
‘2013 has been a successful year for NORMA Group in spite of the economic uncertainty in Europe. The fourth quarter in particular has shown strong momentum and gives us confidence as we start into 2014,’ says Werner Deggim, CEO of NORMA Group. ‘Global megatrends such as scarce resources and the reduction of emissions will drive the global need for engineered joining technology in various industries. We therefore expect our business to continue its progress in 2014.’
Record fourth quarter 2013
The fourth quarter of 2013 showed particular momentum. Between October and December 2013, sales grew by 11.2% to EUR 152.8 million compared to the quarter of the previous year (Q4 2012: EUR 137.3 million). Adjusted EBITA increased by 26.1% to EUR 27.6 million (Q4 2012: EUR 21.9 million). The adjusted EBITA margin was 18.0% in the fourth quarter of 2013 (Q4 2012: 15.9%).
NORMA Group SE – Preliminary figures for financial year 2013*
| Key figures at a glance (in EUR millions) | Financial year 2013 | Financial year 2012 | Financial year 2011 |
| Income statement | 01/01-31/12/2013 | 01/01-31/12/2012 | 01/01-31/12/2011 |
| Sales | 635.5 | 604.6 | 581.4 |
| Adjusted EBITA | 112.6 | 105.4 | 102.7 |
| Adjusted EBITA margin | 17.7% | 17.4% | 17.7% |
| Balance sheet | 31/12/2013 | 31/12/2012 | 31/12/2011 |
| Net debt** | 138.2 | 174.2 | 176.7 |
| Key figures at a glance (in EUR millions) | Q4 2013 | Q4 2012 | Q4 2011 |
| Income statement | 01/10 – 31/12/2013 | 01/10 – 31/12/2012 | 01/10 – 31/12/2011 |
| Sales | 152.8 | 137.3 | 139.6 |
| Adjusted EBITA | 27.6 | 21.9 | 22.6 |
| Adjusted EBITA margin | 18.0% | 15.9% | 16.2% |
*The results shown in this document are preliminary and have as yet been neither approved by the supervisory board nor reviewed by an external auditor.
**Net debt excluding hedging instruments (2013: EUR 15.3 million).
Adjustment: In 2011 adjusted by non-recurring / non-period-related costs (mainly due to the IPO), restructuring costs as well as other group and normalised items and depreciation from PPA adjustments. In 2012 and 2013 adjusted by depreciation from PPA adjustments.
Additional information is available from the Investor Relations section at www.normagroup.com .
Upcoming events
A comprehensive report with more detailed explanation will be provided upon presentation of the final financial figures for 2013 on 27 March 2014.
Contact
Daphne Recker
Media Relations
E-Mail: [email protected]
Tel: +49 (0)6181 – 610 2743
Andreas Trösch
Investor Relations
E-Mail: [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 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. NORMA Group generated sales of around EUR 605 million in 2012. With around 4,800 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 SE is listed on the German stock exchange and included in the MDax index since March 2013.
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 NORMA Group SE 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 NORMA Group SE, 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 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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