NORMA Group Reports Record Sales & Profit
2/18/2015 1:37:00 PM
NORMA Group Reports Record Sales & Profit
Preliminary sales increase by 9.3% year on year to the record level of EUR 694.7 million in 2014
Preliminary adjusted EBITA improves by 7.9% to EUR 121.5 million
Preliminary adjusted EBITA margin remains at a high level of 17.5%
NORMA Group SE reported record sales and earnings for 2014, according to preliminary figures.
The company said sales rose 9.3% to EUR 694.7 million in 2014, boosted by a EUR 22 million contribution from recent acquisitions. Sales grew organically 6.5%.
Adjusted operating earnings gained 7.9% to EUR 121.5 million. The adjusted EBITA margin in financial year 2014 declined two-tenths of a percentage point to 17.5%.
Full-year results included “strong” growth in the fourth quarter of 2014, with sales jumping 15.3% to EUR 176.2 million. Acquisitions contributed EUR 14.9 million toward this figure. Adjusted EBITA increased 6% to EUR 29.2 million.
“NORMA Group managed to continue its growth despite the global economic uncertainties and geopolitical crises,” stated CEO Werner Deggim.
“The scarcity of resources will continue to drive our international business, in particular the shortage of fresh water supplies. The global water market is demanding more efficient and sustainable solutions. For this, we are optimally positioned with the acquisition of the U.S. company National Diversified Sales, Inc. that specialises in water management.”
In January, NORMA Group received a “major order” for quick connectors for use in cooling water systems from a German supplier to the automotive industry. The order includes manufacturing more than five million NORMAQUICK PS3 quick connectors per year. These quick connectors in the nominal sizes 16 and 32 will be manufactured at NORMA Group’s site in Maintal, Germany, starting in February 2015. Web: normagroup.com
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