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Industrial Products India, Industrial Manufacturers & Suppliers
 




 
   
 
 
 

NORMA Group AG resolves to pay a di

Frankfurt am Main,Germany, 22 May 2013 – NORMA Group AG (“NORMA Group”), a global market and technology leader for engineered joining technology, held its second ordinary Annual General Meeting today. The general meeting resolved to distribute a dividend of 0.65 EUR per share or a total of EUR 20.7 million, which is equivalent to a 33.5% pay-out of the adjusted net group profit generated in 2012 (EUR 61.8 million). Via this dividend, shareholders participate in the company’s solid performance. NORMA Group generated record sales and earnings in financial year 2012. Sales grew by 4.0% to EUR 604.6 million (2011: EUR 581.4 million). Adjusted operating earnings (adjusted EBITA) increased by 2.7% to EUR 105.4 million (2011: EUR 102.7 million). The EBITA margin remained at a solid 17.4% in 2012 (2011: 17.7%).
New legal structure as SE
The proposal advanced by the management and supervisory boards to change the legal structure of the company into a European corporation (Societas Europaea) under the name of NORMA Group SE was approved by a large majority at the Annual General Meeting. “The legal structure of an SE reflects a modern, entrepreneurial Europe and underscores the international and open-minded corporate culture of NORMA Group,” the CEO of NORMA Group Werner Deggim said in his speech. “The proposed transformation is therefore consistent with NORMA Group’s corporate development.”
Erika Schulte appointed as supervisory board member
The shareholders confirmed Erika Schulte as a member of NORMA Group AG’s supervisory board after she had been court-appointed as a new member upon the suggestion of the management board and the approval by the supervisory board on 18 February, 2013. By training a mathematician, Erika Schulte is Managing Director of Hanau Wirtschaftsfoerderung GmbH, Brueder-Grimm-Berufsakademie Hanau GmbH and Technologie-und Gruenderzentrum Hanau GmbH.
Start into current financial year in line with expectations
NORMA Group’s sales and earnings in the first quarter have been in line with the board’s expectations. “As anticipated, the economic slowdown translated into a muted start into 2013. Our group sales and operating earnings over the first three months were broadly in line with those achieved in 2012,” Werner Deggim said. “The operating margin remained at a very strong 17.8%.

 
     
 
   
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