NORMA Group SE Increases its Sales Forecast for Financial Year 2017
Maintal, Germany, July 13, 2017 - NORMA Group SE ("NORMA Group"), a global market leader in engineered joining technology, increases its full year sales forecast for the financial year 2017, on the basis of preliminary, unaudited figures for the second quarter 2017 as well as the expected group sales until year end. The management board of NORMA Group now expects organic sales growth, excluding currency and acquisition-related effects, of around 4 percent to 7 percent in 2017 compared to 2016 (previous forecast: "moderate organic growth of around 1 percent to 3 percent").
For the regions EMEA, Americas and Asia-Pacific the following organic growth is now expected:
- EMEA: organic growth in mid-single digit (%) (previous forecast: "moderate organic growth"),
- Americas: organic growth in mid-single digit (%) (previous forecast: "moderate organic growth")
- Asia-Pacific: organic growth in double digit (%) (previous forecast: "organic growth in the high single-digit range")
In the EMEA region the management board expects a higher organic growth rate due to incremental short term orders. After a good growth in the second quarter 2017 the management board now expects for the Americas region stronger than previously planned organic growth, in particular in the area of commercial vehicles and agricultural machinery. In the Asia-Pacific region faster than expected localizations, in particular in China, lead to a higher organic growth.
For the two distribution channels of NORMA Group the following growth is now expected:
- DS: growth in mid-single digit (%) (previous forecast: "moderate growth"),
- EJT: growth in mid-single digit (%) (previous forecast: "moderate growth").
The management board expects additional sales from the already published acquisitions of Autoline, Lifial and Fengfan of around EUR 55 million (previous forecast: "around EUR 45 million from acquisitions"). The management board confirms the adjusted EBITA margin forecast (earnings before interest, taxes and amortization in relation to sales) as "sustainable at the same level as in previous years of more than 17.0 percent."
On the basis of preliminary, unaudited figures NORMA Group achieved during the second quarter of 2017 sales of around EUR 263 million (first half of the year 2017: around EUR 518 million), this equals an organic growth of 4.9 percent during the second quarter 2017 (first quarter 2017: 4.6 percent, first half of the year 2017: 4.8 percent).
Additional information on the company is available on www.normagroup.com. Press photos are available from our platform on www.normagroup.com/images.
NORMA Group SE
Tel: +49 (0)6181 - 6102 747
About NORMA Group
NORMA Group is a global market leader in engineered joining technology. The company manufactures a wide range of innovative connecting solutions and water management technology offering more than 35,000 products to customers in 100 countries with around 7,200 employees. NORMA Group helps its customers and business partners react to global challenges such as climate change and increasing scarcity of resources. NORMA Group joining products can be found in vehicles and trains, ships and aircraft, buildings and water management as well as in applications for the pharmaceutical and biotechnology industry. The company generated sales of around EUR 895 million in 2016. NORMA Group operates a global network of 29 production facilities as well as numerous sales and distribution sites across Europe, the Americas, and Asia-Pacific. NORMA Group has its headquarters in Maintal, Germany. NORMA Group SE is listed on the German stock exchange (Prime Standard) and included in the MDAX index.
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