NORMA Group SE
NORMA Group continues on its growth course in the first nine months of 2017
DGAP-News: NORMA Group SE / Key word(s): 9-month figures NORMA Group continues on its growth course in the first nine months of 2017 – Sales rise by 12.4 percent to EUR 763.4 million from January to September 2017 – Adjusted EBITA increases by 9.6 percent to EUR 134.4 million – Adjusted EBITA margin at a sustained high level of 17.6 percent – Forecast for fiscal year 2017 confirmed
“We achieved solid growth in the first nine months of 2017,” said Werner Deggim, CEO of NORMA Group. “Sales in the Asia-Pacific region in particular grew strongly. We are also pleased with the results in the EMEA and Americas regions. We therefore confirm our sales forecast at Group level of around four to seven percent organic growth and additionally around 55 million euros from acquisitions for the full year 2017.” Group sales for the third quarter of 2017 increased by 12.8 percent to EUR 244.4 million (Q3 2016: EUR 216.6 million) compared to the same period of the previous year. Adjusted EBITA rose by 10.4 percent to EUR 42.7 million (Q3 2016: EUR 38.7 million). At 17.5 percent, the adjusted EBITA margin was at a consistently high level (Q3 2016: 17.9 percent). Growth in all three regions In the EMEA (Europe, Middle East and Africa) region, sales increased by 11.1 percent from January to September 2017 to EUR 369.1 million compared to the first nine months of 2016 (Q1-Q3 2016: EUR 332.2 million). The positive development of sales in the region is mainly attributable to the good business in the automotive sector, which was boosted by the generally positive development of the industry with rising production and sales figures. In addition, sales revenues from the acquisitions of Autoline and Lifial also contributed to growth. Sales in the Americas region rose by 6.5 percent in the first nine months of 2017 to EUR 309.7 million (Q1-Q3 2016: EUR 290.8 million). This was due in particular to the strong recovery in the commercial vehicle and agricultural machinery market in the US, as well as the revenue from the acquisition of the Mexican Autoline business. In the Asia-Pacific region, compared to the first nine months of 2016, sales from January to September 2017 increased by 50.2 percent to EUR 84.7 million (Q1-Q3 2016: EUR 56.4 million). Besides the very good business development in Engineered Joining Technology (EJT), including revenue from the Chinese Autoline business, the additional revenue from Fengfan, the company acquired in the second quarter of 2017, also contributed to this development. Slight rise in equity and the equity ratio Due to international expansion, the number of employees rose by 916 compared to the end of 2016 to 7,580 worldwide, including temporary workers, as of September 30, 2017 (December 31, 2016: 6,664 employees). Forecast for 2017 confirmed NORMA Group confirms its forecast for fiscal year 2017 at Group level. The company expects Group sales to grow organically by around 4 to 7 percent in 2017 compared to 2016. In addition, revenues from the acquisitions of Autoline, Lifial and Fengfan of around EUR 55 million are expected. The company aims to achieve a sustained adjusted EBITA margin at the same level of previous years of more than 17.0 percent for fiscal year 2017 (2016: 17.6 percent, 2015: 17.6 percent, 2014: 17.5 percent). NORMA Group in figures
*Adjustments: in 2017 by integration costs (EUR 2.0 million), step-up effects from purchase price allocations (PPA) (EUR 1.1 million), transaction tax refunds (EUR -0.5 million) and depreciation of purchase price allocations (EUR 3.0 million); in 2016 by acquisition-related costs (EUR 1.5 million) and depreciation of purchase price allocations (EUR 1.6 million) Other dates Contact Andreas Trösch About NORMA Group Disclaimer
08.11.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | NORMA Group SE |
Edisonstr. 4 | |
63477 Maintal | |
Germany | |
Phone: | +49 6181 6102 741 |
Fax: | +49 6181 6102 7641 |
E-mail: | ir@normagroup.com |
Internet: | www.normagroup.com |
ISIN: | DE000A1H8BV3 |
WKN: | A1H8BV |
Indices: | MDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
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