NORMA Group increases its sales in fiscal year 2019 | FASTENER EURASIA MAGAZINE
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NORMA Group increases its sales in fiscal year 2019 through acquisitions and currency effects

NORMA Group, a global market leader in engineered joining technology, achieved Group sales of approximately EUR 1,100.1 million in fiscal year 2019, according to preliminary unaudited figures. This equates to an increase of 1.5 percent compared to the previous year (2018: EUR 1,084.1 million). In organic terms, sales for the full year 2019 declined by 2.0 percent. Sales from the acquisitions of Kimplas and Statek contributed 1.2 percent to growth. Positive currency effects increased sales by 2.3 percent.

“2019 was a challenging year for NORMA Group. The volatile market environment and the tense geopolitical situation caused our business development to fall short of expectations,” said Dr. Michael Schneider, CEO of NORMA Group. “We grew in the area of water management, however. This underscores that NORMA Group is in a sustainable and stable position thanks to its diversified portfolio of products and services and its strategic focus on the future markets of water management and electromobility.”

Based on preliminary unaudited figures, NORMA Group’s sales in the fourth quarter of 2019 declined by 2.1 percent to EUR 261.4 million compared to the previous year (Q4 2018: EUR 267.0 million). In organic terms, sales declined by 3.3 percent in the fourth quarter of 2019 while positive currency effects contributed 1.2 percent to sales.


Earnings and the margin influenced by the weak automotive industry

According to preliminary unaudited figures, adjusted earnings before interest, taxes and amortization of intangible assets (adjusted EBITA) declined by 16.4 percent year-on-year to EUR 144.8 million in fiscal year 2019 (2018: EUR 173.2 million). The adjusted EBITA margin for the full year 2019 was 13.2 percent (2018: 16.0 percent). The main reasons for the decline in earnings and the margin were the lower than planned production and sales figures in the automotive sector and additional costs from the introduction of an ERP system at a site in Latin America. Adjusted EBITA in the fourth quarter of 2019 declined by 40.2 percent to EUR 25.5 million (Q4 2018: EUR 42.7 million) while the adjusted EBITA margin was 9.8 percent (Q4 2018: 16.0 percent). Net operating cash flow in fiscal year 2019 amounted to EUR 122.9 million (2018: EUR 124.4 million).