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Maintal (dpa) - After a year affected by the Corona crisis, the connection technology specialist Norma expects a significant improvement in the framework conditions.
Both sales and profitability should clearly increase in 2021, as the automotive supplier, which is listed in the SDax index, announced on Wednesday when it presented detailed annual figures.
Income from own resources is expected to increase in the low double-digit percentage range in the current year, after having fallen by a good 12 percent in 2020 to around 952 million euros.
The margin on adjusted earnings before interest, taxes and goodwill amortization (Ebita) is expected to rise to more than 13 percent.
In 2020 it had dropped to 5.7 percent, after 13.2 percent a year earlier.
Last year, Norma felt the consequences of the pandemic and high renovation costs.
The bottom line was that the surplus collapsed almost completely to just 5.5 million euros, after the group had generated 58.4 million euros in 2019.
However, Norma managed to get out of the red again in the second half of the year, after having posted a significant deficit in the first half of the year.
In the final quarter, the Hessen benefited from a recovery, especially in the auto business.
CEO Michael Schneider pointed out that Norma grew organically in the fourth quarter.
The shareholders are to receive a dividend of 70 cents per share and thus significantly more than analysts had expected.
In the previous year, the distribution was only 4 cents due to the Corona crisis.
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© dpa-infocom, dpa: 210324-99-946820 / 2