Autoline to generate €40 million for new owner NORMA
As regular Torque readers will be aware, NORMA agreed to acquire Parker Hannifin’s global Autoline business for quick connections in the summer. As of 1st December 2016, the acquisition has been completed. Autoline produces quick connectors for the connection of fluid lines in motor vehicles with more than 200 employees in France, Mexico and China. […]
NORMA reports growth in first 9 months of 2016
Sales and earnings grew for NORMA Group from January-September 2016. Sales rose 1% at €679.4 million compared like-for-like with the same period in 2015 (€672.6 million). Organic growth was higher, at 1.9%, but reduced by 0.9% thanks to negative currency effects. Adjusted EBITA was up 1.6% to €122.6 million (2015: €120.6m). Q3 sales actually declined […]
Norder Bandstahl scoops Norma Group global supplier award
NORMA Group has bestowed its Global Supplier Recognition Award on NB Norder Bandstahl for being its best supplier in 2015 in the Europe, Middle East and Africa (EMEA) region. NORMA Group bases the award on a criteria covering product quality, reliability, growth and sustainability, among other aspects. Norder Bandstahl achieved record scores in the review for calendar year […]
Europe sales buoy Norma results
NORMA Group’s half year financials revealed growth, with sales up 1.9% to €462.8 million in H1 2016 compared with H1 2015 (€454.3m). Organic growth hit 2.8% and adjusted EBITA was up 3.1% to €83.9m (earnings before interest, taxes and amortization of intangible assets). Sales in Europe, Middle East and Africa (EMEA) were up 7.1% in […]