NEWS SFS Group reports solid H1 growth
SFS reported overall group sales of CHF 645.2 million (534.4 million euros) in the first six months of 2014, reflecting 5.6% organic growth in its core business, with EBITA increased 11.1% to CHF 88.8 million.
million. EBITA was CHF 14 million, virtually doubled from H1 2013, and reflecting an EBITA margin of 7.9% sharply increased from 4.5% in H1 2013. This significant increase was credited to the exploitation of economies of scale. The half yearly report notes the development of isoweld™
T , a
system based on the concept of field fastening aimed specifically at installing insulation panels and membranes on flat roofing. The insulation is attached to the substructure using metal plates and fasteners. The roof membrane is then rolled out on top and the overlaps are sealed by welding. The metal plates have
hese are the first half yearly results presented since the Group’s successful initial public offering and commencement of trading on the Swiss Exchange AG on 7th
May 2014. Fastening systems sales grew 3.9% to CHF 167.5
a special coating activated by induction, enabling permanent attachment of the plates to the membrane without penetrating it. It also noted the rapidly increasing popularity in industrial applications of the Taurus® 1 Speed Rivet system, which enables
very rapid production throughputs. A new manufacturing site in the Greater Guangzhou area of
China commenced operations in March with production space of 15,000m2
. The new plant, which includes production and office
buildings, serves in particular to supply local customers of the automotive and riveting divisions, further strengthening SFS’ presence in Asia. SFS has also expanded its production plant in Medina, USA, providing additional capacity for projects gained in the automotive sector, including components for electrical parking brakes.
Anixter Fasteners notches up another solid quarter
Anixter OEM Supply – Fasteners reported second quarter 2014 sales of US$243.1 million (188.5 million euros), up 3.4% on the same period 2013.
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hile the result included a US$6.1 million currency exchange benefit, which meant underlying organic growth of 0.8% over 2013, it also reflected the absorption of the US$11.6 million impact of previously disclosed loss of business resulting from a major customer moving to dual sourcing. ‘Fasteners’ reported an operating income of US$12.2 million, more than double the US$5.7 million
achieved in the same quarter 2013. Operating margin also doubled to 5% due, Anixter said, to strong cost control actions as the business was aligned to market conditions. Overall Anixter Inc recorded record second quarter sales at US$1.59 billion (1.23 billion euros) and operating income increased 8% to US$92.4 million (71.6 million euros).
Record numbers for NORMA Group
NORMA Group SE finished the first half of 2014 with record sales and earnings. Group sales in the first six months of the year grew by 9.4% year-on-year to 353 million euros (H1/2013: 322.8 million euros).
rganic growth in the first half of 2014 amounted to 10.3%. Acquisitions contributed 1.8% to the strong sales growth while negative currency effects detracted 2.7%. Adjusted earnings before interest, taxes and
amortisation (EBITA) improved by 12.2% year-on-year to 63.1 million euros between January and June 2014 (H1/2013: 56.2 million euros). The adjusted EBITA margin expanded by 50 basis points year-on-year to 17.9% in the first half of 2014 and remained at a consistently high level (H1/2013: 17.4%). “We had a successful first half of 2014 that was in line with
our expectations. We could significantly increase sales and earnings,“ says Werner Deggim, CEO of NORMA Group. “The positive development of the business and the strong organic growth of more than 10% benefited, among other things, from the much improved macroeconomic environment and new productions subsequent to the introduction of the EURO-6 emissions standard in Europe. From September 2014, the latter will also be mandatory for all newly registered diesel and petrol passenger vehicles. We are confident that we will reach the
targets we have set for ourselves in financial year 2014.” By 30th
June 2014, the order backlog had grown 4.3% year-on-year to 252.1 million euros (H1/2013: 241.8 million euros).
Positive business momentum across all three regions Sales in the EMEA (Europe, Middle East and Africa) region
grew by 5.1% year-on-year to 210 million euros in the first half of 2014 (H1/2013: 199.8 million euros). Beyond the macroeconomic recovery, the region also benefited from the introduction of the statutory EURO-6 emissions standard and the related step-up in production of new-generation engines. The Americas region made a positive contribution in the first half of 2014, inter alia on the back of the pronounced economic recovery in the US. Sales improved by 16% year-on-year to 113.3 million euros (H1/2013: 97.6 million euros). The Asia-Pacific region generated sales of 29.8 million euros
over the first six months of this financial year, which represented a 17.6% increase (H1/2013: 25.3 million euros).
www.normagroup.com
Fastener + Fixing Magazine • Issue 89 September 2014
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