NORMA's annual sales surpassed the one billion euro mark for the first time last year.
Seeing significant growth, the group saw sales rise 13.7% to €1,017.1 million (2016: €894.9 m).
NORMA attributed the rise to the good overall economic situation and the high demand for reliable joining technology in important end markets - cars, commercial vehicles and agricultural machines - in all three of NORMA's business regions. The acquisitions of Autoline, Lifial and Fengfan also contributed to growth in 2017.
Organic growth was 8.6% while currency effects negatively impacted sales growth by 1.4%.
“Surpassing the one-billion-euro mark is a milestone in NORMA Group’s history of growth,” said Bernd Kleinhens, Chairman of the Management Board of NORMA Group. “2017 was a very strong year for us, with continued growth in all regions. Our investment in research and development, plants, test laboratories and systems worldwide will position us well for future growth and we are optimistic that we can continue our success.”
Adjusted earnings before interest, taxes, depreciation and amortisation of intangible assets (adjusted EBITA) rose 10.8% to €174.5 million in 2017 compared to the previous year (2016: €157.5 million). At 17.2%, the adjusted EBITA margin declined slightly due to higher commodity prices, but still remained in line with the forecast of over 17% (2016: 17.6%).
