Norma
AS Norma`s evaluation
Norma / 01.03.2010 08:03 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- UPDATED GUIDANCE FOR NORMA In order to provide all investors with the same information following Autoliv's offer for the outstanding shares in AS Norma, the management board of Norma is giving its investors the following financial guidance for the first quarter and the full year 2010:. According to 1Q10 forecasts specified in February 2010, sales during the first quarter of 2010 will be at the same level as the fourth quarter of 2009 but is expected to increase compared to the same period in 2009 by 65% to approximately EUR 16 million. Profitability for the first quarter of 2010 is expected to decrease from the fourth quarter of 2009 to an operating margin of approximately 8%. On a full year basis, management believes that sales growth will be below first quarter growth due to market and volume uncertainty for the remainder of 2010 and sales are expected to reach approximately EUR 57 million. This would indicate a sales growth of 12% compared to 2009. Primarily due to the weaker trading during the rest of the year, operating margin from the first quarter cannot be sustained but is still expected to recover from the 2009 level and amount to approximately 5 % for the full year. The preliminary data is unaudited and is not based on financial statements approved by the Management Board. Norma will publish its annual report for 2009 on March 25 and a release of the first quarter 2010 financial statements on April 26, 2010. Safe Harbor Statement This document contains statements that are not historical facts but rather forward-looking statements. Such forward-looking statements are those that address activities, events or developments that are believed or anticipated may occur in the future, including statements relating to industry trends, business opportunities, sales contracts, sales backlog, and on-going commercial arrangements and discussions, as well as any statements about future operating performance or financial results. In some cases, you can identify these statements by forward-looking words such as 'estimates,' 'expects,' 'anticipates,' 'projects,' 'plans,' 'intends,' 'believes,' 'might,' 'will,' 'should,' or the negative of these terms and other comparable terminology, although not all forward-looking statements are so identified. All such statements are based upon our current expectations and various assumptions, and apply only as of the date hereof. Our expectations and beliefs are expressed in good faith and we believe there is a reasonable basis for them. However, there can be no assurance that forward-looking statements will materialize or prove to be correct. Because these forward-looking statements involve risks and uncertainties, the outcome could differ materially from those set out in the forward-looking statements for a variety of reasons, including without limitation, changes in general industry and market conditions, increased competition, changes in consumer preferences for end products, customer losses and changes in regulatory conditions, customer bankruptcies, consolidations or restructuring, divestiture of customer brands, fluctuation in vehicle production schedules, continued uncertainty in program awards and performance, pricing negotiations with customers, product liability, warranty and recall claims and other litigations, possible adverse results of pending or future litigation or infringement claims, legislative or regulatory changes, dependence on customers and suppliers. We undertake no obligation to update publicly any forward-looking statements whether as a result of new information or future events. Geographic restrictions The offer referred to in this press release is not being made to persons whose participation would require an additional offer document, registration or actions other than those required under Estonian law. This press release may not be distributed to, or published in, the United States of America, Australia, Canada or Japan, or in any other jurisdiction where such distribution or the offer would require the type of action described in the preceding sentence or would breach or violate applicable laws, rules or regulations of such jurisdiction Peep Siimon Chairman of the Management Board + 372 6500 442 News Source: NASDAQ OMX 01.03.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Norma Estonia Phone: Fax: E-mail: Internet: ISIN: EE3100001850 WKN: End of News DGAP News-Service ---------------------------------------------------------------------------
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