NORMA Group SE - Earnings Release 2015

News Details

Corporate | 17 February 2016 07:12

NORMA Group looks back on a successful financial year 2015

DGAP-News: NORMA Group SE / Key word(s): Final Results/Preliminary Results

2016-02-17 / 07:12

The issuer is solely responsible for the content of this announcement.

NORMA Group looks back on a successful financial year 2015

– Preliminary sales increase by 28.0% to EUR 889.6 million compared to 2014

– Preliminary adjusted EBITA improves by 28.6% to EUR 156.3 million

– Preliminary adjusted EBITA margin remains at a high level of 17.6%

Maintal, Germany, 17 February 2016 – NORMA Group SE (“NORMA Group”), a global market leader in engineered joining technology, has released its preliminary figures for financial year 2015. According to preliminary and unaudited figures, NORMA Group 2015 sales rose by 28.0% compared to the previous year to EUR 889.6 million (2014: EUR 694.7 million). Acquisitions made in 2014 contributed EUR 115.4 million to this result. Organic sales grew by 3.7% in 2015 compared to the previous year. Exchange rate movements contributed 7.7% to the sales growth. Adjusted earnings before interest, taxes, and amortisation (adjusted EBITA) increased by 28.6% to EUR 156.3 million (2014: EUR 121.5 million). The adjusted EBITA margin remained at a sustained high level of 17.6% (2014: 17.5%). The NORMA Group results are in line with its expectations. Net debt including hedging instruments amounted to EUR 360.9 million as of the reporting date 31 December 2015 compared to EUR 373.1 million on 31 December 2014.

“We look back on a successful 2015 financial year in which we continued to grow even faster,” said Werner Deggim, CEO of NORMA Group. “Industrial manufacturing in the euro zone has recovered only slowly and demand from markets in Brazil and Russia remains weak. Nevertheless, we still managed to achieve positive results because of our broad positioning in various industries and regions. In the future we will be less dependent on fluctuations in individual markets.”

Strong growth in the fourth quarter of 2015

Sales increased significantly by 23.2% in the fourth quarter of 2015 to EUR 217.0 million compared to the same quarter of the previous year (Q4 2014: EUR 176.2 million). Acquisitions contributed EUR 10.0 million to sales growth. Organic growth of 10.4% was achieved in the fourth quarter of 2015. Adjusted EBITA increased by 22.0% to EUR 35.6 million (Q4 2014: EUR 29.2 million). The adjusted EBITA margin from October to December 2015 was 16.4% (Q4 2014: 16.6%).

NORMA Group SE – Preliminary figures for financial year 2015*


Key figures at a glance (in EUR million)	Financial year 2015	Financial year 2014	Financial year 2013
Income statement	01/01-31/12/2015	01/01-31/12/2014	01/01-31/12/2013
Sales	889.6	694.7	635.5
Adjusted EBITA	156.3	121.5	112.6
Adjusted EBITA margin	17.6%	17.5%	17.7%
Balance sheet	31/12/2015	31/12/2014	31/12/2013
Net debt**	360.9	373.1	153.5


Key figures at a glance (in EUR million)	Q4 2015	Q4 2014	Q4 2013
Income statement	01/10 – 31/12/2015	01/10 – 31/12/2014	01/10 – 31/12/2013
Sales	217.0	176.2	152.8
Adjusted EBITA	35.6	29.2	27.6
Adjusted EBITA margin	16.4%	16.6%	18.0%

*The results contained in this press release are preliminary and have not yet been approved by the Supervisory Board or been reviewed by an external auditor.

**Net debt including hedging instruments (2015: EUR 3.4 million; 2014: EUR 20.2 million; 2013: EUR 15.3 million)

Adjustments: 2015 for integration costs (EUR 1.1 million), step-up effects from purchase price allocations (EUR 2.5 million) and depreciation and amortisation from purchase price allocations; 2014 for acquisition-related costs and depreciation and amortisation from purchase price allocations

Additional information is available from the NORMA Group’s Investor Relations section at www.investors.normagroup.com/ . Please visit www.normagroup.com/Images for press photos.

Upcoming events

A comprehensive report with more detailed explanation will be provided upon presentation of the final financial figures for 2015 on 23 March 2016.

Contact

Daphne Recker

Group Communications

Tel: +49 (0)6181 – 610 2743

E-Mail: [email protected]

Andreas Trösch

Investor Relations

Tel: +49 (0)6181 – 610 2741

E-Mail: [email protected]

About NORMA Group

NORMA Group is a global market leader in engineered joining technology. The company manufactures a wide range of innovative connecting solutions and water management technology offering more than 35,000 products to customers in 100 countries with around 6,500 employees. NORMA Group helps its customers and business partners to react to global challenges such as climate change and increasing scarcity of resources. NORMA Group joining products can be found in vehicles and trains, ships and aircraft, buildings and water management as well as in applications for the pharmaceutical and biotechnology industry. The company generated sales of around EUR 695 million in 2014. NORMA Group operates a global network of 22 production facilities as well as numerous sales and distribution sites across Europe, the Americas, and Asia-Pacific. NORMA Group has its headquarters in Maintal, Germany. NORMA Group SE is listed on the German stock exchange (Prime Standard) and included in the MDAX index.

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.

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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:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart; Terminbörse EUREX