2022 Norican Group Review

2022 has been another extraordinary year for Norican Group. Our customers, suppliers and the global Norican team once again faced new and unprecedented challenges. From the war in Ukraine and an ongoing energy crisis, to continued supply chain difficulties and a very challenging COVID situation in China. All this has strengthened us further - we responded quickly and adapted intelligently.

But more than anything, 2022 has been a year of positive, forward-looking action. Fueled by a record-breaking order backlog at the beginning of the year, we invested in our business and strengthened it strategically.

In 2022 we welcomed:

• Lars Priess as Executive Vice President at Wheelabrator.
• Marco Gandini joined the Norican team as Senior Vice President Global Aluminium with overall responsibility for ItalPresseGauss and StrikoWestofen.
• US-based Simpson Technologies to the Norican family in October. 
• The Monitizer technology platform as a brand agnostic solution and broadened its applications. 

In 2022 we delivered revenues of €518.6m (+32%) and EBITDA of €67.5m (+38%). We recovered well from the effects of COVID19 and, following the rationalisation of the group’s footprint and headcount, is now a stronger and more resilient business. We continue to grow our EBITDA margin, ending the year at 13.0% (+50 basis points), exceeding pre-COVID19 levels and from a lower revenue base.

From an environment point-of-view, in November 2022, ahead of our deadline and following significant work to understand our footprint and baseline, we submitted our targets for validation to the SBTi. In addition to over 50% reduction by 2032 reduction target for Scope 1 & 2 emissions, throughout 2023 we will engage our supply chain and customers to reduce their emissions (Scope 3).

In regards to Corporate Social Responsibility, our teams across the world developed and implemented community programmes – engaging our employees, involving, and giving back to local communities and contributing to our professional ecosystems.

GDPR and good conduct is another of our pillars we strengthened during the year, committing to adhering to GDPR in all countries - so much, that we were awarded Binding Corporate Rules (BCR) approval. Environment and climate company policies have been implemented at a site-specific level and include ISO 14001:2015 certification, which specifies the requirements for an environmental management system that can be used to enhance environmental performance based on mapping the environmental impact from the site-specific activities.

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