5/8/2014 1:45:00 AM
NEWS BRIEFS
NORMA Group Sees Solid Growth in 2014
NORMA Group reported sales in the first three months of 2014 grew by 11.6% to EUR 177.8 million, including organic growth of 12.6%. Adjusted operating earnings improved 15.2% to EUR 32.6 million, bringing the adjusted EBITA margin over the first three months to 18.4%.
“As we start into the new year, the company benefits from the macroeconomic recovery and greater demand for our products that results from the stricter requirements of the new EURO-6 emissions standard,” stated CEO Werner Deggim.
The order backlog remained strong with EUR 238.5 million, up 4.1%.
Growth was consistent across all regions.
Sales in the EMEA (Europe, Middle East and Africa) region grew 8.1% to EUR 108.4 million in Q1.
In the Americas region, NORMA sales jumped 16.9% to EUR 54.6 million in sales in the first quarter of 2014. On April 28, 2014, NORMA Group acquired the business activities of U.S.-based Five Star Clamps Inc.,which manufactures and sells joining solutions for various applications and industries.
Sales in the Asia-Pacific region rose 20.4% to EUR 14.8 million.
NORMA Group expects sales in 2014 to grow organically by 4% to 7%.
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