Fastener Shanghai
fastener
Official WeChat
fastener
fastenerHomefastener
fastener
fastenerNewsfastener
fastener
fastenerfastenerBuyers' Guidefastener
fastener
fastenerStandard Searchfastener
fastener
fastenerFor Buyersfastener
fastener
fastenerFor Suppliersfastener
fastener
fastenerMagazinefastener
fastener
fastenerTrade Showsfastener
fastener
fastenerMy Officefastener
fastener
fastenerPost Inquiriesfastener
Home->Fastener News->Norma Reports 7.7% organic growth in 2018You are the 629518 visitors
Views:874   |   recommendation:   |   Votes:0   |   Discuss:0
Norma Reports 7.7% organic growth in 2018


--Based on preliminary figures, sales increase by 6.6 percent to EUR 1,084.1 million in 2018
--Strong organic growth of 7.7 percent
--Adjusted EBITA margin of 16.0 percent
--Rightsizing program launched to lay the foundation for continued profitable growth

NORMA Group achieved sales of EUR 1,084.1 million in fiscal year 2018, according to preliminary, unaudited figures. This equates to an increase of 6.6 percent compared to the previous year (2017: EUR 1,017.1 million). The strong sales growth in Engineered Joining Technology (EJT) in the Americas and Asia-Pacific regions contributed to this increase, which was driven by good order volumes in the US commercial vehicle and agricultural machinery markets as well as in the Chinese automotive industry.

The Distribution Services (DS) division showed solid growth, particularly due to the positive development of NDS’s water business and the acquisitions of Fengfan and Kimplas.

“2018 was a challenging but successful year for NORMA Group,” said Bernd Kleinhens, CEO of NORMA Group. “Although the tense situation on the raw material markets had an impact on earnings and margins, our strong organic growth shows that our products are increasingly in demand worldwide.”

Organic sales growth at Group level was strong at 7.7 percent. Additional sales from the acquisitions of Fengfan, Kimplas and Statek contributed 1.6 percent to growth. On the other hand, negative currency effects reduced sales growth by 2.8 percent.

According to preliminary, unaudited figures, NORMA Group increased its Group sales in the fourth quarter of 2018 by 5.3 percent to EUR 267.0 million compared with the fourth quarter of 2017 (Q4 2017: EUR 253.6 million). As expected, organic growth declined at the end of 2018, to 1.7 percent. Acquisitions contributed 2.4 percent and positive currency effects 1.2 percent to Group sales growth in the fourth quarter of 2018.
 

Source: Norma

2019/2/27 14:58:00

Previous:    U.S. Cutting Tool Consumption Up 8.1 Percent in December
        Next:    China's mechanical industry to maintain steady growth

Recent Related News
Dongtai Huawei Launches Aluminum Double Hex Head Bolts and Stainless Steel Pre-Embedded Sleeve Bolts--2019-06-06
Würth builds innovation centre--2019-05-31
First Quarter Earnings Announced for Anixter International--2019-04-26
Japanese Thread Tapper Maker OSG is Going for 4.0 Manufacturing--2019-04-25
Stanley Black & Decker Reports First Quarter Earnings--2019-04-25
Based on R&D, Dongtai Huawei Develops Fasteners for Special Requirements--2019-04-23
MW Industries Announces the Acquisitions of Marox and Sussex Wire--2019-04-23
Fastenal Reports First Quarter Earnings--2019-04-12
Developments and Future Plans for Shanghai Minmetals – Fasteners--2019-04-04
Robust Sales Drive Shanghai Prime Machinery's Deployment in Pan Asia--2019-04-04
Haining R-Best: Focus on Quality, Be the Best Rivet Nut Supplier--2019-03-29
Sundram Fasteners Q4 Profit up 21%--2019-03-28

Vote for this news?

fastener(Very Good)
fastener(Good)
fastener(Normal)
fastener(Bad)
fastener(Very Bad)


Discuss
More Discuss...
Your Name: Anonymous

Enter the code shown:fastener5fastener

Fastener Trade Show Suzhou



China Fastener Directory
Get it FREE!
fastener
Get your CFD at the following shows:

•METALTECH, May 15-18, 2019, Malaysia

•IT BY FERROFORMA, Jun 4-6, 2019, Bilbao, Spain

•Fastener Fair Mexico, Jun 19-20, 2019, Mexico City, Mexico



Show Room



Offer Product

Latest News
• Japan's Fastener Production Value Hits Record High

• Over 600 U.S. firms urge Trump to solve China trade dispute

Buyers' Guide
Company News

• Based on R&D, Dongtai Huawei Offers Fasteners for Special Requirements

• YuYao No. 2 Standard Fastener/YuYao Biaoer: A Reliable Partner For Eyebolts

The Way to Enter Chinese Market
The Way to Enter Chinese Market


fastener