Industry News

Solid Q1 growth for NORMA 02 June 2016

NORMA Group SE reported that sales for Quarter One 2016 increased 2.3% to 226.6 million euros. Organic growth was 2.4% with negative currency exchange effects accounting for the differential. Adjusted EBITA increased 2.2% to 40.1 million euros, with a margin of 17.7% unchanged from Q1 2015.

Werner Deggim, CEO of NORMA Group, said: “We had a good start in financial year 2016 and managed to increase both our sales and our earnings again in the first quarter. The EMEA region showed stronger organic growth as we had expected and the Asia-Pacific region continued to develop dynamically. We are confident we will be able to continue to grow profitably in financial year 2016.”
EMEA region sales increased to 112.1 million euros, 6.1% higher than Q1 2015. NORMA attributed this strong organic growth to the upswing in the euro zone and continued positive development of the European automotive industry.
American sales were 96 million euros, slightly down on Q1 2015 at 97.7 million euros – mainly due to the weakness in commercial vehicle and agricultural machinery sectors.
Asia-Pacific region sales were up 1.9% year on year at 18.6 million euros. Despite the drop in China’s economic growth, the region recorded strong organic growth more than offsetting negative currency effects for a sustained positive development.
NORMA Group reaffirmed its forecast for 2016, expecting organic sales growth between 2% – 5% compared with 2015. It aims to maintain the adjusted EBITA margin above 17% as it has for the previous three financial years.

Content Director

Will Lowry Content Director t: +44 (0) 1727 743 888

Biog

Will joined Fastener + Fixing Magazine in 2007 and over the last 15 years has experienced every facet of the fastener sector - interviewing key figures within the industry and visiting leading companies and exhibitions around the globe.

Will manages the content strategy across all platforms and is the guardian for the high editorial standards that the Magazine is renowned.