DGAP-News: NORMA Group AG resolves to pay a dividend of 0.60 EUR per share for record year 2011
(firmenpresse) - DGAP-News: NORMA Group AG / Key word(s): AGM/EGM/Dividend
NORMA Group AG resolves to pay a dividend of 0.60 EUR per share for
record year 2011
23.05.2012 / 14:00
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NORMA Group AG resolves to pay a dividend of 0.60 EUR per share for record
year 2011
- First general shareholders' meeting of NORMA Group AG in Frankfurt am
Main
- NORMA Group continues to grow in 2012
- Sales forecast for 2012 confirmed
Frankfurt am Main, Germany, 23 May 2012 - NORMA Group AG ('NORMA Group'), a
global market and technology leader for engineered joining technology,
today held its first general shareholders' meeting after going public in
April 2011. The general meeting resolved to distribute a dividend of 0.60
EUR per share. With EUR 19.1 million, the pay-out ratio amounted to 33.2%
of the adjusted Group profit generated in 2011 (EUR 57.6 million).'With
this dividend, we enable our shareholders to participate in our growth. We
follow a sustainable dividend policy with a pay-out ratio of about 30%and
no more than 35%,' said Werner Deggim, CEO of NORMA Group.
Record earnings in financial year 2011
NORMA Group generated record sales and earnings in financial year 2011.
Sales grew by 18.5% to EUR 581.4 million (2010: EUR 490.4 million).
Adjusted operating earnings (adjusted EBITA) increased by 20.2% to EUR
102.7 million (2010: EUR 85.4 million) with contributions coming from all
three reporting segments EMEA (Europe, Middle East, Africa), America and
Asia-Pacific. The EBITA margin climbed to a record 17.7% in 2011 (2010:
17.4%).
Solid start into current financial year
'We had a very good start into the new financial year. We continued on our
growth path in the first quarter of 2012, increasing both our sales and our
earnings,' said Werner Deggim. 'We are on track and are delivering on our
promises at the time of the IPO.' Over the first three months of 2012,
group sales increased by 6.3% to EUR 159.7 million (previous year: EUR
150.3 million). The Americas and the Asia-Pacific region experienced
particularly strong growth, whereas proceeds in the EMEA region remained
almost unchanged. Adjusted operating earnings (adjusted EBITA) increased by
2.9% to EUR 29.2 million in the first quarter of 2012 (previous year: EUR
28.4 million). The adjusted EBITA margin over the first three months of
2012 amounted to 18.3% (previous year: 18.9%).
Guidance for sales and earnings in 2012 confirmed
Werner Deggim confirmed the guidance for 2012: 'We expect group sales to
grow by 3% to 6% compared to 2011.' The acquisition of Connectors
Verbindungstechnik AG in April 2012 is not yet included in the forecast and
will increase the consolidated annual sales by approximately EUR 10
million. The EBITA margin for the financial year 2012 is expected to be at
leaston par with the margins of the previous two years (2010: 17.4%, 2011:
17.7%).
Growth strategy will be continued
The growth strategy of NORMA Group focuses on increasing
internationalisation, continuing the group's global expansion through
organic growth and acquisitions, and growing the product and technology
portfolio. Internationally, the emphasis is on increasing activities
particularly in the Asia-Pacific region and in South America. By opening
offices in Vietnam, the Philippines and Indonesia, NORMA Group has extended
its presence in the Asia-Pacificregion in financial year 2012. Growth was
further supported by the acquisition of Connectors Verbindungstechnik AG, a
specialised provider of joining technology in medical engineering.
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 4,500 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. Since April
2011, NORMA Group is listed on the German stock exchange and included in
the SDAX index since June 2011.
End of Corporate News
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23.05.2012 Dissemination of a Corporate News, transmitted by DGAP - a
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The issuer is solely responsible for the content of this announcement.
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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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171179 23.05.2012
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