NORMA Group SE
NORMA Group SE: NORMA Group SE increases its sales forecast for financial year 2017
NORMA Group SE / Key word(s): Change in Forecast/Development of Sales NORMA Group SE increases its sales forecast for financial year 2017 Maintal, 13 July 2017 – NORMA Group SE (ISIN DE 000A1H8BV3 / WKN A1H8BV, “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 SE now expects organic sales growth, excluding currency and acquisition-related effects, of around 4% to 7% in 2017 compared to 2016 (previous forecast: “moderate organic growth of around 1% to 3%”). For the regions EMEA, Americas and Asia-Pacific the following organic growth is now expected: EMEA: organic growth in mid-single digit (%) Americas: organic growth in mid-single digit (%) Asia-Pacific: organic growth in double digit (%) 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 (%) EJT: growth in mid-single digit (%) 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%.” 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% during the second quarter 2017 (first quarter 2017: 4.6%, first half of the year 2017: 4.8%). Contact person: Andreas Trösch
13-Jul-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | NORMA Group SE |
Edisonstr. 4 | |
63477 Maintal | |
Germany | |
Phone: | +49 6181 6102 741 |
Fax: | +49 6181 6102 7641 |
E-mail: | ir@normagroup.com |
Internet: | www.normagroup.com |
ISIN: | DE000A1H8BV3 |
WKN: | A1H8BV |
Indices: | MDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
End of Announcement | DGAP News Service |