MAINTAL, Germany--(BUSINESS WIRE)--NORMA Group SE, a global market leader in engineered joining technology, has released its preliminary figures for financial year 2015.
According to preliminary and unaudited figures, NORMA Group 2015 sales rose by 28.0 percent compared to the previous year to 889.6 million euros (2014: 694.7 million euros). Acquisitions made in 2014 contributed 115.4 million euros to this result. Organic sales grew by 3.7 percent in 2015 compared to the previous year. Exchange rate movements contributed 7.7 percent to the sales growth.
Adjusted earnings before interest, taxes, and amortization (adjusted EBITA) increased by 28.6 percent to 156.3 million euros (2014: 121.5 million euros).The adjusted EBITA margin remained at a sustained high level of 17.6 percent (2014: 17.5 percent). The NORMA Group’s results are in line with its expectations. Net debt including hedging instruments amounted to 360.9 million euros as of Dec. 31, 2015, compared to 373.1 million euros on Dec. 31, 2014.
“We look back on a successful 2015 financial year in which we continued to grow even faster,” said Werner Deggim, CEO of NORMA Group. “Industrial manufacturing in the euro zone has recovered only slowly, and demand from markets in Brazil and Russia remains weak. Nevertheless, we still managed to achieve positive results because of our broad positioning in various industries and regions. In the future we will be less dependent on fluctuations in individual markets.”
Strong growth in the fourth quarter of 2015
Sales increased significantly by 23.2 percent in the fourth quarter of 2015 to 217.0 million euros compared to the same quarter of the previous year (Q4 2014: 176.2 million euros). Acquisitions contributed 10.0 million euros to sales growth. Organic growth of 10.4 percent was achieved in the fourth quarter of 2015. Adjusted EBITA increased by 22.0 percent to 35.6 million euros (Q4 2014: 29.2 million euros). The adjusted EBITA margin from October to December 2015 was 16.4 percent (Q4 2014: 16.6 percent).
NORMA Group SE – Preliminary figures for financial year 2015*
| Key figures at a glance (in EUR million) | Financial year 2015 | Financial year 2014 | Financial year 2013 | |||||||
| Income statement | 01/01-31/12/2015 | 01/01-31/12/2014 | 01/01-31/12/2013 | |||||||
| Sales | 889.6 | 694.7 | 635.5 | |||||||
| Adjusted EBITA | 156.3 | 121.5 | 112.6 | |||||||
| Adjusted EBITA margin | 17.6% | 17.5% | 17.7% | |||||||
| Balance sheet | 31/12/2015 | 31/12/2014 | 31/12/2013 | |||||||
| Net debt** | 360.9 | 373.1 | 153.5 |
| Key figures at a glance (in EUR million) | Q4 2015 | Q4 2014 | Q4 2013 | |||||||
| Income statement | 01/10 – 31/12/2015 | 01/10 – 31/12/2014 | 01/10 – 31/12/2013 | |||||||
| Sales | 217.0 | 176.2 | 152.8 | |||||||
| Adjusted EBITA | 35.6 | 29.2 | 27.6 | |||||||
| Adjusted EBITA margin | 16.4% | 16.6% | 18.0% |
*The results contained in this press release are preliminary and have
not yet been approved by the Supervisory Board or been reviewed by an
external auditor.
**Net debt including hedging instruments
(2015: 3.4 million euros; 2014: 20.2 million euros; 2013: 15.3 million
euros)
*Adjustments: 2015 for integration costs (1.1 million
euros), step-up effects from purchase price allocations (2.5 million
euros) and depreciation and amortization from purchase price
allocations; 2014 for acquisition-related costs and depreciation and
amortization from purchase price allocations
Additional information is available from the NORMA Group’s Investor Relations section at www.investors.normagroup.com/. Please visit www.normagroup.com/Images for press photos.
Upcoming events
A comprehensive report with more detailed explanation will be provided upon presentation of the final financial figures for 2015 on March 23, 2016.
About NORMA Group
NORMA Group is a global market leader in engineered joining technology. The company manufactures a wide range of innovative connecting solutions and water management technology offering more than 35,000 products to customers in 100 countries with around 6,500 employees. NORMA Group helps its customers and business partners to react to global challenges such as climate change and increasing scarcity of resources. NORMA Group joining products can be found in vehicles and trains, ships and aircraft, buildings and water management as well as in applications for the pharmaceutical and biotechnology industry. The company generated sales of around 695 million euros in 2014. NORMA Group operates a global network of 22 production facilities as well as numerous sales and distribution sites across Europe, the Americas, and Asia-Pacific. NORMA Group has its headquarters in Maintal, Germany. NORMA Group SE is listed on the German stock exchange (Prime Standard) and included in the MDAX index.
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 NORMA Group SE 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 NORMA Group SE, 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.
