Industry News

NORMA reports slight growth in 2016 28 March 2017

NORMA Group reported 2016 sales increasing by 0.6% to €894.9 million, based on preliminary and unaudited figures.

The acquisition of Autoline, which manufactures automotive quick connectors for fluid lines in in France, Mexico and China, contributed €3.5 million to sales. Group organic growth in 2016 was 0.9% compared with 2015. Currency effects negatively impacted sales growth by 0.7%.
Adjusted EBITA rose 0.8% year-on-year to €157.5 million. The adjusted EBITA margin of 17.6% remained at a consistently high-level.
“Considering the sharp decline in the US commercial vehicle and agricultural machinery markets, we are satisfied with our results for fiscal year 2016,” said Werner Deggim, CEO of NORMA Group. “Thanks to our broad geographic and industry specific positioning, we were able to compensate partially for the decline, for example through our continuously growing water management business.”

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