NORMA Group SE

NOEJ

Equity

ISIN DE000A1H8BV3 / Valor 12777608

Xetra (2026-09-04)

EUR 19.78-0.60%

NORMA Group SE
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About company

NORMA Group SE is a global leader in engineered joining technology, providing a wide range of solutions for water management and other critical fluid handling applications. The company's expertise spans across various sectors including civil engineering, mining, water supply, and distribution, emphasizing the strategic importance of water as a core business area. NORMA Group's product portfolio includes innovative solutions for building and bridge drainage, ground drainage, and sewage systems for laboratories and industries. Additionally, the company specializes in joining technology for feed and recovery lines for gases, fluids, and solids in diverse settings such as plants, ships, filters, and devices. Among its notable products are the NORMACONNECT® FGR pipe couplings, designed for secure joining of both plastic and metal pipes, catering to a wide range of thicknesses and materials, and suitable for various media including solid, liquid, and gaseous substances. Through its commitment to addressing global water scarcity and sanitation challenges, NORMA Group also engages in social initiatives like the NORMA Clean Water project, aimed at improving water supply, sanitation, and hygiene in underserved communities.

Summarized from source with an LLMView SourceSector: Industrials

Top-line and FX

Reported Group sales in Q2 2026 were EUR 211.8m (Q2 2025: EUR 213.1m). On a currency-adjusted basis sales were essentially flat (+0.1% y/y), with the reported decline driven by adverse currency effects.

Profitability improvement

Adjusted EBIT rose to EUR 7.6m (Q2 2025: EUR 2.3m). The adjusted EBIT margin improved to 3.6% (Q2 2025: 1.1%), supported by lower material costs, disciplined cost control and NewNORMA cost measures. Reported EBIT was EUR 2.7m.

Business-unit performance

Industry Applications grew strongly: +8.4% currency-adjusted and reported sales of EUR 70.6m (up 7.0% y/y). Mobility & New Energy declined: -3.7% currency-adjusted, reported EUR 141.3m (down 4.0% y/y), reflecting weak automotive demand.

Regional trends

Americas: +10.0% currency-adjusted, reported EUR 70.4m with adjusted EBIT margin improving to 5.8%. EMEA: -3.4% currency-adjusted, reported EUR 112.9m and margin improved to 2.2%. Asia‑Pacific: -7.8% currency-adjusted, reported EUR 28.5m but margin remained high at 8.3%.

Cash flow and balance sheet

Net operating cash flow in Q2 2026 was EUR 6.6m (Q2 2025: EUR 31.6m; prior year included the divested Water Management business). At June 30, 2026 NORMA Group SE showed net cash of EUR 303.9m (net debt figure reported as -EUR 303.9m), equity EUR 820.9m and an equity ratio of 66.7%, strengthened by the sale of the Water Management business.

Transformation & orders

NewNORMA actions advanced: overhead streamlining, personnel measures (including completed social measures in Germany) and a stronger cash‑flow orientation. Significant new wins include multiple Industry Applications projects (data centers, battery energy storage, energy infrastructure) and the largest single corporate order (~EUR 157m lifetime revenue) for thermal management systems in Mobility & New Energy.

First half and outlook

H1 2026 sales were EUR 420.5m (H1 2025: EUR 434.3m, -0.6% adj); adjusted EBIT H1 2026 was EUR 14.0m (H1 2025: EUR 2.1m) with a 3.3% adjusted EBIT margin. NORMA Group SE confirmed its FY 2026 guidance: sales growth ~0–2%, adjusted EBIT margin ~2–4% and net operating cash flow ~EUR 10–20m. Strategy update scheduled for Oct 19, 2026.

Summarized from source with an LLMView Source

Key figures

21.5%1Y

15.9%3Y

-53.7%5Y

Performance

40.7%1Y

37.6%3Y

38.8%5Y

Volatility