NORMA sales up in first Quarter
24 July 2015
NORMA Group SE has started the 2015 financial year with positive momentum – increasing sales and earnings in Q1.
NORMA increased group sales in the first Quarter of 2015 by 24.6% to 221.5 million euros compared to the first three months of the previous year (Q1 2014: 177.8 million euros). This was primarily driven by strong acquisitive growth. Adjusted earnings before interest, taxes and amortisation (adjusted EBITA) improved by 20.2% to 39.2 million euros in the first Quarter of 2015 (Q1 2014: 32.6 million euros). The adjusted EBITA margin was 17.7% (Q1 2014: 18.4%).
“We continued on our successful course in the first Quarter of financial year 2015,” says Werner Deggim, CEO of NORMA Group. “The Americas and Asia-Pacific posted strong dynamic growth. Overall, we are optimistic for the remainder of financial year 2015 and stick with our forecast.”
Sales in the EMEA (Europe, Middle East and Africa) region amounted to 105.6 million euros in the first Quarter of 2015 and thus declined by 2.6% (Q1 2014: 108.4 million euros). This is due to the high basis for comparison and the very strong growth NORMA Group experienced in the same Quarter of the previous year (Q1 2014: 8.1%), but also a slow economic recovery in Europe.
In the Asia-Pacific region, Group sales grew 23% to 18.2 million euros (Q1 2014: 14.8 million euros). Besides strong organic growth, positive currency effects were also reflected in sales.
NORMA Group expects group sales in financial year 2015 to grow organically by between 4% and 7%. In addition, NORMA Group expects to generate around 110 million euros in sales from its acquisitions – National Diversified Sales Inc and Five Star Clamps Inc in the USA.
