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Home->Fastener News->Norma Reports 7.7% organic growth in 2018You are the 679271 visitors
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Norma Reports 7.7% organic growth in 2018

--Based on preliminary figures, sales increase by 6.6 percent to EUR 1,084.1 million in 2018
--Strong organic growth of 7.7 percent
--Adjusted EBITA margin of 16.0 percent
--Rightsizing program launched to lay the foundation for continued profitable growth

NORMA Group achieved sales of EUR 1,084.1 million in fiscal year 2018, according to preliminary, unaudited figures. This equates to an increase of 6.6 percent compared to the previous year (2017: EUR 1,017.1 million). The strong sales growth in Engineered Joining Technology (EJT) in the Americas and Asia-Pacific regions contributed to this increase, which was driven by good order volumes in the US commercial vehicle and agricultural machinery markets as well as in the Chinese automotive industry.

The Distribution Services (DS) division showed solid growth, particularly due to the positive development of NDS’s water business and the acquisitions of Fengfan and Kimplas.

“2018 was a challenging but successful year for NORMA Group,” said Bernd Kleinhens, CEO of NORMA Group. “Although the tense situation on the raw material markets had an impact on earnings and margins, our strong organic growth shows that our products are increasingly in demand worldwide.”

Organic sales growth at Group level was strong at 7.7 percent. Additional sales from the acquisitions of Fengfan, Kimplas and Statek contributed 1.6 percent to growth. On the other hand, negative currency effects reduced sales growth by 2.8 percent.

According to preliminary, unaudited figures, NORMA Group increased its Group sales in the fourth quarter of 2018 by 5.3 percent to EUR 267.0 million compared with the fourth quarter of 2017 (Q4 2017: EUR 253.6 million). As expected, organic growth declined at the end of 2018, to 1.7 percent. Acquisitions contributed 2.4 percent and positive currency effects 1.2 percent to Group sales growth in the fourth quarter of 2018.

Source: Norma

2019/2/27 14:58:00

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