Deals
Norma Seeking Acquisitions as Sales Rise, Boersen-Zeitung Says
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Norma Group AG will grow sales by as much as 12 percent to about 570 million euros ($790 million) this year, Boersen-Zeitung said, citing an interview with Chief Financial Officer Othmar Belker.
Norma plans to acquire companies with annual sales of between 10 million euros and 40 million, the newspaper cites the executive as saying. It aims to boost profit as a percentage of sales to close to 18 percent this year from 17.4 percent in 2010, the paper said.