NORMA Group concludes a successful first year as a listed company
(firmenpresse) - NORMA Group AG / Key word(s): Enterprise/
NORMA Group concludes a successful first year as a listed company
DGAP-Media / 04.04.2012 / 09:18
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NORMA Group concludes a successful first year as a listed company
- Capital from the IPO drives growth and profitability
- 56.2 per cent of the share capital in free float since the initial
listing on 8 April 2011
- Shares represented in the SDAX since June 2011
Maintal, Germany, 4 April 2012 - NORMA Group AG ('NORMA Group'), a global
market and technology leader for engineered joining technology, looks back
over a successful first year as a listed company.' The IPO has been an
important milestone for NORMA Group. Taking our company public and
subsequently refinancing NORMA Group laid the foundations for future
growth,' says Werner Deggim, CEO of NORMA Group. The shares of NORMA Group
started trading in the Prime Standard of the Frankfurt stock exchange on 8
April 2011. In spite of a volatile capital market environment, 16 million
shares were issued primarily to German and international institutional
investors during the IPO at an issuing price of EUR 21. Only two months
later, i.e. in June 2011, the company was included in the SDAX equity
index.
NORMA Group achieved its objective of continued growth after the IPO. 2011
was a record year for the company with growth across all regions and
business areas. Sales increased by 18.5 per cent to EUR 581.4 million in
fiscal year 2011. Adjusted operating earnings (adjusted EBITA) grew by 20.2
per cent to EUR 102.7 million. 'The record results show that we can grow
strongly and remain profitable. Our investments in 2011 focused
particularly on the growth markets of Asia, Eastern Europe and South
America in order to participate in the growth of those markets,' Deggim
stresses.
In spite of the positive business development, the stock was not immune to
the negative financial market trend that started late in the summer of
2011. The publication of record numbers for the third quarter 2011 in
mid-November 2011 further built trust in the stability and continuity of
the business model and thus in the shares of NORMA Group, which could
recover substantially and establish themselves in the capital market. Since
the numbers for the third quarter were published on 15 November 2011 the
shares have climbed by around 38 per cent. In comparison, the SDAX climbed
by approximately 16 per cent. Free float currently amounts to 56.2 per
cent. As a result, NORMA Group has a market capitalisation of more than EUR
590 million, placing it in the upper quarter of the SDAX. With its daily
trading volume of approximately 70,000 shares, the company ranks number 14
among all SDAX listed companies.
Additional information on the company is available on www.normagroup.com.
To download press pictures, please visit www.normagroup.com/press pictures.
Contact
NORMA Group AG
Daphne Recker
Media Relations
E-mail: daphne.recker(at)normagroup.com
Tel: +49 (0)6181 - 6102 743
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 35,000 high-quality products and
solutions to approximately 10,000 customers in 90 countries. NORMA Group
joining products can be found in vehicles, ships, trains, aircraft,
domestic appliances, engines and plumbing systems. NORMA Group generated
sales of around EUR 580 million in 2011. With around 4,400 employees, NORMA
Group operates a global network of 17 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. NORMA Group was formed in 2006 as a result of the merger
between the German Rasmussen Group and the Swedish ABA Group. Since April
2011, the company is listed on the German stock exchange and included in
the SDAX index since June 2011.
End of Media Release
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04.04.2012 Dissemination of a Press Release, transmitted by DGAP - a
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Language: English
Company: NORMA Group AG
Edisonstr. 4
63477 Maintal
Germany
Phone: +49 (0)6181-6102-741
Fax: +49 (0)6181-6102-7641
E-mail: ir(at)normagroup.com
Internet: www.normagroup.com
ISIN: DE000A1H8BV3
WKN: A1H8BV
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, München, Stuttgart
End of News DGAP-Media
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