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Norma Group SE (NOEJ.DE)

NOEJ.DE on Xetra

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Latest Key Developments (Source: Significant Developments)

Norma CEO says end of U.S. commercial vehicle market slump in sight
Wednesday, 10 May 2017 05:53am EDT 

May 10 (Reuters) - Norma :CEO tells Reuters in an interview that Q2 is going as expected, no reason to change guidance.CEO says U.S. commercial, agricultural vehicle market was very negative in Q1, but light at end of tunnel in sight now.CFO says Trump tax cuts would be positive for our business.  Full Article

Norma confirms 2017 targets after Q1 sales rise 12.5 pct
Wednesday, 10 May 2017 01:00am EDT 

May 10 (Reuters) - Norma Group Se :Says starts fiscal year 2017 with solid sales.Q1 sales at eur 254.9 million, 12.5 percent higher in the first quarter of 2017.Says adjusted ebita margin at sustained high level of 17.7 percent.Says forecast for fiscal year 2017 confirmed.Says expects sales to rise organically by around 1 to 3 percent in 2017.Says goal is to achieve a sustained adjusted ebita margin at the same level of previous years of over 17 percen.  Full Article

Norma acquires majority in Chinese joining products maker
Tuesday, 28 Mar 2017 02:10am EDT 

Norma Group SE : Norma Group acquires majority stake in manufacturer of joining products in China . Details of agreement are confidential and will not be published . With around 190 employees, Fengfan supplies to customers in shipbuilding and heavy industries as well as to manufacturers of transport vehicles . Its preliminary annual sales amounted to around 15 million euros in 2016 Further company coverage: [NOEJ.DE] (Reporting By Georgina Prodhan) ((georgina.prodhan@thomsonreuters.com;)).  Full Article

Norma sees core profit margin remaining above 17 pct in 2017
Wednesday, 22 Mar 2017 02:07am EDT 

Norma Group SE : 2016 net profit up 2.7 percent at 75.9 million eur . Says to propose dividend of 0.95 eurper share for 2016 . Says sees organic revenue growth of 1-3 percent in 2017 . Says expects in addition revenues of around 45 million euros from acquisitions of Autoline, Lifial . Says sees 2017 adjusted EBITA margin of more than 17 percent . Says does not rule out further acquisitions in 2017 .Says aims to pay dividend of 30-35 percent of adjusted net profit for 2017.  Full Article

Norma Group completes acquisition of Autoline business from Parker Hannifin
Thursday, 1 Dec 2016 04:06am EST 

Norma Group SE : Successfully completes acquisition of Parker Hannifin's global Autoline business for quick connectors .Consolidation of autoline is effective immediately. Business is expected to generate global sales of around 40 million euros ($42.44 million)for fiscal year 2017.  Full Article

Norma affirms guidance after in-line Q2 earnings
Wednesday, 3 Aug 2016 01:05am EDT 

Norma : Q2 sales 236.2 million eur . Norma Q2 adjusted EBITA 43.8 million eur . Reuters poll average for Norma Q2 revenue was 238 million eur, adjusted EBITA 43.1 million, net profit 21.6 million . Norma Q2 adjusted EBITA margin 18.5 percent .Says outlook for 2016 confirmed.  Full Article

Norma Group says to buy Parker Autoline
Friday, 24 Jun 2016 01:01am EDT 

Norma Group SE : Says to buy Parker Autoline, with expected 2016 sales of arouned 40 mln euros Further company coverage: [NOEJ.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Norma Group confirms outlook for financial year 2016
Tuesday, 3 May 2016 08:00pm EDT 

Norma Group SE:Confirms outlook for financial year 2016.In 2016 expects to see solid organic sales growth of around 2 to 5 percent compared to 2015 and will strive to achieve a sustainable adjusted EBITA margin at the same level of previous years of over 17 percent (2015: 17.6 percent; 2014: 17.5 percent; 2013: 17.7 percent).  Full Article

Norma Group SE Establishes Partnership with Saint Vincent College
Thursday, 14 Apr 2016 11:49am EDT 

Norma Group SE:Establishes partnership with Saint Vincent College in USA.  Full Article

Norma Group gives FY 2016 outlook, to propose FY 2015 dividend
Tuesday, 22 Mar 2016 08:00pm EDT 

Norma Group SE:To propose a dividend of 0.90 euros per share for FY 2015, an increase of EUR 0.15.Expects solid organic sales growth of between 2 pct and 5 pct year-on-year for FY 2016.Sustainable adjusted EBITA margin of over 17 pct as in previous years is targeted for FY 2016.  Full Article

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