NORMA Group AG still on course for success

NORMA Group AG ('NORMA Group'), an international market and technology leader in engineered joining technology, had a very successful first half in 2012. Group sales increased by 7.4% between January and June 2012 to EUR 317.7 million (first half of 2011: EUR 295.9 million). Organic growth came to 3.4%. Positive currency effects (+2.9%) and the acquisition of the Swiss company Connectors Verbindungstechnik AG (+1.1%) on 19 April also contributed to the increase in revenues.

'NORMA Group is still on course for growth. We are satisfied with our performance in the first half of the year. We improved our sales and earnings once again, despite challenging economic conditions. Our order backlog remains high, showing that global demand for our products remains healthy,' said Werner Deggim, CEO of NORMA Group. The order backlog totalled EUR 229.3 million at the end of the first half of 2012, a 5.5% increase over the same period in the previous year (EUR 217.3 million).