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NORMA Expects Further Growth
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2012-07-20
NORMA Group AG achieved record sales and earnings figures in the 2011 financial year and expects 2012 sales to grow by between three and six percent.
For the 2011 reporting period, NORMA sales improved by 18.5% to 581.4 million euros (2010: 490.4 million euros). Excluding acquisitions, NORMA Group's organic growth came to 65.6 million euros in 2011, representing a 13.4% increase year-on-year.
The US companies R.G.Ray (NORMA Illinois) and Craig Assembly (NORMA St. Clair) were fully integrated at the end of the first quarter of 2011 and generated 32 million euros in the 2011 financial year.
NORMA Group's adjusted operating earnings totalled 102.7 million euros (2010: 85.4 million euros), an increase of 20.2%. The Group's adjusted EBITA margin of 17.7% was a new record high. Werner Deggim, CEO of NORMA Group, said: "2011 was an outstanding year for NORMA Group. We set new sales and earnings records. Our order backlog also grew, showing that demand for our innovative products remains strong. We are also optimistic about the current 2012 financial year." NORMA Group expects Group sales to grow by between 3% and 6% compared to the previous year.
In April, NORMA announced the acquisition of Connectors Verbindungstechnik AG. Transaction details were not released. Connectors, based in Tagelswangen, Switzerland, specialises in connector systems for the pharmaceutical and biotechnology industry. For more than 25 years, the company has been manufacturing and distributing connector elements that meet the highest purity standards for medical sterile technology. It also offers consultancy and planning services for pharmaceutical process plants. The company generated sales of around 14 million euros in the financial year 2011. It will be consolidated as part of NORMA Group with immediate effect.
For the 2011 reporting period, NORMA sales improved by 18.5% to 581.4 million euros (2010: 490.4 million euros). Excluding acquisitions, NORMA Group's organic growth came to 65.6 million euros in 2011, representing a 13.4% increase year-on-year.
The US companies R.G.Ray (NORMA Illinois) and Craig Assembly (NORMA St. Clair) were fully integrated at the end of the first quarter of 2011 and generated 32 million euros in the 2011 financial year.
NORMA Group's adjusted operating earnings totalled 102.7 million euros (2010: 85.4 million euros), an increase of 20.2%. The Group's adjusted EBITA margin of 17.7% was a new record high. Werner Deggim, CEO of NORMA Group, said: "2011 was an outstanding year for NORMA Group. We set new sales and earnings records. Our order backlog also grew, showing that demand for our innovative products remains strong. We are also optimistic about the current 2012 financial year." NORMA Group expects Group sales to grow by between 3% and 6% compared to the previous year.
In April, NORMA announced the acquisition of Connectors Verbindungstechnik AG. Transaction details were not released. Connectors, based in Tagelswangen, Switzerland, specialises in connector systems for the pharmaceutical and biotechnology industry. For more than 25 years, the company has been manufacturing and distributing connector elements that meet the highest purity standards for medical sterile technology. It also offers consultancy and planning services for pharmaceutical process plants. The company generated sales of around 14 million euros in the financial year 2011. It will be consolidated as part of NORMA Group with immediate effect.
