NORMA Group has announced its final figures for financial year 2022 together with its outlook for the current financial year. The company generated Group sales of EUR 1,243.0 million in 2022, corresponding to 13.8% increase over the previous year (2021: EUR 1,091.9 million). Organic sales growth amounted to 7.1%, driven by the consistent pricing policy implemented as a means to cushion the impact of inflation. Positive currency effects from the strong US dollar also made a significant contribution to growth. All three business regions made a positive contribution to growth.
CEO Miguel Ángel López Borrego said: “We managed to achieve growth in a challenging environment in 2022. It was possible to pass on inflation-related increased costs for materials and logistics to a significant extent through higher selling prices. We intend to continue building on our sound, diversified business model and work to serve our customers even better. The signs for 2023 clearly point toward profitable growth in our three strategic business units industry, water management and mobility.”
NORMA Group will publish its figures for the first quarter of 2023 on May 9, 2023. The Annual General Meeting will be held as an attendance event on May 11, 2023, in Frankfurt.
Additional information on the business results can be found here.
