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NORMA Group Achieves Solid Growth

2013-05-20

NORMA Group AG says it achieved solid growth in financial year 2012. According to preliminary and unaudited figures, sales grew by 4% to 605 million euros (2011: 581 million euros). The Group ended 2012 with adjusted operating earnings (adjusted EBITA) of 105 million euros in spite of volatile European markets (2011: 103 million euros). Fourth quarter sales were 137 million euros, representing a 2% year on year decline. “NORMA Group performed strongly in financial year 2012. We continued to grow even though the environment in Europe proved difficult,” says Werner Deggim, Group CEO. “Our superior innovative strength will also enable us to consistently benefit from global mega-trends going forward. We provide the joining technology needed to comply with new emission regulation such as the Euro 6 emission standard.”