Based on actual figures for the month of August and on the basis of expectations for the remaining months of the fiscal year 2021, NORMA Group SE has adjusted its guidance for the adjusted EBIT margin and adjusted EBITA margin in fiscal year 2021.
NORMA Group points out the main reason for this is the continuing limited availability of materials, especially steel and plastics, and a resulting increase in prices. Based on the current forecast, NORMA Group therefore now expects significantly lower production capacities in relevant industries as well as higher material and freight costs in all regions. Expenses in connection with the Covid-19 pandemic, which lasted longer than expected, have also had a negative impact on the cost side.
Considering these factors, the management board of NORMA has carried out a reassessment and is therefore now anticipating an adjusted EBIT margin of more than 10% in fiscal year 2021 (previous forecast – more than 12%) and an adjusted EBITA margin of more than 11% (previous forecast – more than 13%).
With regard to the development of organic Group sales, the management board is maintaining its forecast published in August of low double-digit organic Group sales growth.
Having spent a decade in the fastener industry experiencing every facet – from steel mills, fastener manufacturers, wholesalers, distributors, as well as machinery builders and plating + coating companies, Claire has developed an in-depth knowledge of all things fasteners.
Alongside visiting numerous companies, exhibitions and conferences around the world, Claire has also interviewed high profile figures – focusing on key topics impacting the sector and making sure readers stay up to date with the latest developments within the industry.
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