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NORMA Group Generates Record Sales in 2013
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2014-05-29
According to preliminary and unaudited figures, NORMA Group has continued its growth trend in financial year 2013. In the past financial year sales grew by 5.1% to 635.5 million euros compared to the previous year (2012: 604.6 million euros). The acquisitions made in 2012 and 2013 contributed 26.7 million euros 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 112.6 million euros in 2013 (2012: 105.4 million euros). 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.
“2013 was a successful year for NORMA Group in spite of the economic uncertainty in Europe. The fourth quarter in particular showed 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.”
The fourth quarter of 2013 showed particular momentum. Between October and December 2013, sales grew by 11.2% to 152.8 million euros compared to the quarter of the previous year (Q4 2012: 137.3 million euros). Adjusted EBITA increased by 26.1% to 27.6 million euros (Q4 2012: 21.9 million euros). The adjusted EBITA margin was 18% in the fourth quarter of 2013 (Q4 2012: 15.9%).
