DGAP-News: NORMA Group continues to grow in the first quarter of 2012
(firmenpresse) - DGAP-News: NORMA Group AG / Key word(s): Quarter Results/Forecast
NORMA Group continues to grow in the first quarter of 2012
14.05.2012 / 07:09
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NORMA Group continues to grow in the first quarter of 2012
- Sales from January to March increases by 6.3% to EUR 159.7 million
- Adjusted EBITA grows by 2.9% to EUR 29.2 million
- Forecast for sales growth of 3% to 6% in the 2012 financial year
remains on track
- Expansion of business activities in the Asian growth markets of
Vietnam, Philippines and Indonesia
Maintal, Germany, 14 May 2012 - NORMA Group AG ('NORMA Group'), a global
market and technology leader in engineered joining technology, reported a
rise in sales and earnings in the first quarter of 2012, thereby continuing
its growth course. Group sales in the first three months of 2012 were up
6.3% to EUR 159.7 million (last year: EUR 150.3 million). Sales growth was
particularly strong in the Americas and Asia-Pacific regions, while revenue
in the EMEA region (Europe, Middle East, Africa) was almost unchanged.
NORMA Group's adjusted operating earnings (EBITA) rose to EUR 29.2 million
in the first quarter of 2012, representing an increase of 2.9% on last
year's figure of EUR 28.4 million. The Americas region made a major
contribution to this improvement. The adjusted EBITA margin reached 18.3%
for the first three months of the current financial year (previous year:
18.9%).
'NORMA Group's steady growth shows that we are moving in the right
direction and that our business model is working very successfully. We will
continue to invest in our company and actively increase capacities to
ensure further growth,' says Werner Deggim, CEO of NORMA Group. 'Our order
books are full. This provides a solid foundation for the future.' The order
backlog amounted to EUR 227.7 million as of 31 March 2012, a 4.2% higher
than previous quarter's figure (31 December 2011: EUR 218.6 million).
The Americas and Asia-Pacific regions are the growth drivers
As expected, NORMA Group's revenue in the EMEA region was stable due to the
overall economic situation in the first quarter of 2012. Sales figures
dropped slightly by 0.6% from EUR 99.8 million last year to EUR 99.2
million. The main reason for this was the economic situation and the lower
level of demand, especially in southern European countries.
The Americas region proved to be a growth driver in the first three months
of 2012. Sales figures in this region rose from EUR 42.6 million last year
to EUR 50.2 million. This sharp increase of 17.9% was primarily due to
strong organic growth with significantly higher volumes.
Business development remained positive in the Asia-Pacific region. Sales in
the first quarter of 2012 went up by 30.3% to EUR 10.3 million (previous
year: EUR 7.9 million). This region is becoming increasingly important for
the future growth of NORMA Group. The sales network in this region is
therefore being expanded further in 2012. In January 2012, NORMA Group
opened a representative office in Vietnam, a country with huge growth
potential. This will be followed by further branches in Manila
(Philippines) and Jakarta (Indonesia) in May 2012. 'By increasing our
presence in Asia, we are tapping into new markets. We are introducing our
brands to these countries and establishing nationwide sales partnerships,'
explains Deggim.
Solid Groupequity base of 40.6%
NORMA Group's equity has recorded another rise since the end of 2011 (EUR
256.0 million) and amounted to EUR 271.9 million as of 31 March 2012. The
equity ratio increased to 40.6% (31 December 2011: 39.5%). Net debt was
reduced further to EUR 186.5 million as of the end of the first quarter (31
December 2011: EUR 198.5 million).
The number of employees went up following the opening of new facilities and
expansion of existing ones in 2011 and totalled 4,476 including temporary
employees as of 31 March 2012. This was a year-on-year rise of 272
employees (31 March 2011: 4,204 employees).
Outlook 2012
The outlook for 2012 provided in the 2011 annual report has not changed.
The NORMA Group Management Board expects Group sales to grow by 3% to 6% in
2012. The consolidation of the Group's acquisition of the Swiss company
Connectors Verbindungstechnik AG, specialised on connector systems for the
pharmaceutical and biotechnology industry, from April 2012, will result in
additional sales of EUR 10 million. The EBITA margin is expected to be the
same as the adjusted margin for the last two years (2010: 17.4%, 2011:
17.7%). Order entry figures in the first quarter of 2012 and the high order
backlog support this forecast.
NORMA Group AG - in figures
Overview of key financial First quarter First quarter Fourth quarterThe complete report for the first three months of 2012 is available at
indicators (in EUR millions) of 2012 of 2011 of 2011
01.01. - 01.01. - 01.10. -
Income statement 31.03.2012 31.03.2011 31.12.2011
Sales 159.7 150.3 139.6
Adjusted EBITA 29.2 28.4 22.6
Adjusted EBITA margin 18.3% 18.9% 16.2%
Balance sheet 31.03.2012 31.12.2011
Total assets 669.8 648.6
Total equity 271.9 256.0
Equity ratio 40.6% 39.5%
Net debt 186.5 198.5
www.normagroup.com/publications.
Further information is available from the Investor Relations section at
www.normagroup.com.
Upcoming events
The figures for the second quarter of the 2012 financial year will be
published on 14 August 2012.
Contact
Daphne Recker
Media Relations
E-mail: daphne.recker(at)normagroup.com
Phone: +49 (0)6181 - 610 2743
Andreas Trösch
Investor Relations
E-mail: andreas.troesch(at)normagroup.com
Phone: +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 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 4,500 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. The company was formed in 2006 as a result of the merger
between the German Rasmussen Group and the Swedish ABA Group. NORMA Group
is listed on the German stock exchange since April 2011, and included in
the SDAX index since June 2011.
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 the NORMA Group AG 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 the NORMA Group AG, 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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14.05.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
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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 News-Service
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169587 14.05.2012
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