NEWS
THE NEW NORMA expects further growth BRIGHTON BEST NORMA Group AG achieved record sales and earnings figures in the 2011 financial year and expects 2012 sales to grow by between three and six percent.
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or the 2011 reporting period NORMA sales improved by 18.5% to 581.4 million euros (2010: 490.4 million euros). Excluding acquisitions, NORMA Group’s organic growth came to 65.6 million euros in 2011, representing a 13.4% increase year-on-year. The US companies R.G.Ray (NORMA Illinois) and Craig Assembly (NORMA St. Clair) were fully integrated at the end of the first quarter of 2011 and generated 32 million euros in the 2011 financial year. NORMA Group’s adjusted operating earnings totalled 102.7 million euros (2010: 85.4 million euros), an increase of 20.2%. The Group’s adjusted EBITA margin of 17.7% was a new record high. Werner Deggim, CEO of NORMA Group, said: “2011 was an outstanding year for NORMA Group. We set new sales and earnings records. Our order backlog also grew, showing that demand for our innovative products remains strong. We are also optimistic about the current 2012 financial year.” NORMA Group expects Group sales to grow by between 3% and 6% compared to the previous year. In April NORMA announced the acquisition of Connectors Verbindungstechnik AG. Transaction details were not released. Connectors, based in Tagelswangen, Switzerland, specialises in connector systems for the pharmaceutical and biotechnology industry. For more than 25 years, the company has been manufacturing and distributing connector elements that meet the highest purity standards for medical sterile technology. It also offers consultancy and planning services for pharmaceutical process plants. The company generated sales of around 14 million euros in the financial year 2011. It will be consolidated as part of NORMA Group with immediate effect. www.normagroup.com
Bossard: Q1 market improves on H2 2011 Bossard Group reported sales of CHF 127.1 million (105.8 million euros) for its first quarter 2012. In local currencies this represented an increase of 0.6 percent on a very strong Quarter 1 result in 2011.
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xpressed in Swiss Francs sales for the quarter fell 2.2 percent compared to the same period 2011. However, Bossard saw the market environment improved compared to the second half of 2011. Q1 2012 showed increases in local currency of 9.9 percent compared with Q3 2011, and 13.4 percent compared with Q4. By region, Bossard said, sales development differed substantially. Sales in America showed positive growth; sales in Europe and Asia decreased year on year. European sales for the first quarter reached CHF 70.1 million (58.4 million euros) - in local currencies 1.5 percent lower than in Quarter 1 of the prior year. Conversely, demand picked up again compared to the second half of 2011. On average, sales in local currencies rose by more than 11 percent as against Q3 and Q4 2011. In America demand continued to develop positively. The Group’s sales in the first quarter of 2012 totalled CHF 38.1 million (31.7 million euros), an increase year on year of 7.9 percent in local currencies. Compared to the previous two quarters, average sales growth was in excess of 20 percent. The Group said it had benefited from the continuing good demand from existing and newly acquired customers. Demand in Asia remained volatile. After sales had improved somewhat in the fourth quarter of 2011, they fell again in the first three months of the current business year. Sales Q1 2012 were CHF 18.9 million (15.7 million euros), down 4.5 percent in local currencies compared to the same period in the prior year. Bossard said demand would probably continue to differ regionally in the next few months but it was encouraged positively by the recovery compared with the second half of 2011. Bossard Group’s target for the full year is still to achieve sales growth in local currencies in the region of 5 percent to 8 percent. www.bossard.com/ffm
Fastener + Fixing Magazine • Issue 75 May 2012