NORMA Group SE

Latest Results (22.12.2025):

NORMA Group SE's results for the first quarter (Q1) of 2025 show a weaker performance: Group sales fell to EUR 284.2 million (‑7.9% year‑on‑year) and adjusted EBIT declined sharply to EUR 10.3 million (adjusted EBIT margin 3.6%). The quarter was hit by weak demand, one‑time implementation costs and low cost flexibility, though net operating cash flow improved to EUR 3.1 million. Management confirms the full‑year 2025 forecast and is accelerating a transformation toward a focused industrial supplier.

Key financials

Q1 2025 sales: EUR 284.2m (‑7.9% vs Q1 2024). Adjusted EBIT: EUR 10.3m (‑59.9% YoY); adjusted EBIT margin 3.6% (Q1 2024: 8.3%). Reported EBIT EUR 5.3m; profit for the period EUR ‑3.9m; adjusted profit EUR ‑0.3m. Adjusted EPS EUR ‑0.01; reported EPS EUR ‑0.12.

Cash flow and balance sheet

Net operating cash flow improved to EUR 3.1m (Q1 2024: EUR ‑2.3m). Cash flow from operating activities EUR 5.0m. Net debt stood at EUR 337.6m and equity EUR 698.2m at March 31, 2025; order book decreased to EUR 474.0m (‑13.0%).

One‑time items and drivers of margin decline

Profitability was burdened by one‑time costs—notably higher expenses from introducing a company‑wide ERP/IT system at the Maintal plant—which caused temporary increased costs and delivery delays. Lower sales and limited short‑term cost flexibility also weighed on margins.

Regional performance (Q1 2025)

EMEA: sales EUR 119.9m (‑12.2%); adjusted EBIT negative EUR ‑1.2m (margin ‑1.0%), hit by ERP roll‑out and weak automotive demand. Americas: sales EUR 130.6m (‑3.5%); adjusted EBIT EUR 12.8m (margin 9.6%), impacted by tariff coordination and seasonal weather effects in Water Management. Asia‑Pacific: sales EUR 33.7m (‑8.0%); adjusted EBIT EUR 2.0m (margin 5.5%).

Business‑unit notes and portfolio actions

Mobility & New Energy saw pronounced weakness from the automotive supply chain. From FY2025, NORMA Group SE reallocated certain construction, agricultural and stationary power customers to Industry Applications. Water Management growth reflected the Teco acquisition; a divestment process for Water Management continues.

Strategy and outlook

NORMA Group SE will push its transformation into a focused industrial supplier (target completion by end‑2028), implementing additional measures alongside the “Step Up” program to drive Industry Applications growth, cut administrative costs and optimize site capacity. Management expects gradual market improvement in H2 2025 and maintains the full‑year 2025 forecast; further details to be provided by Q2 results on August 12, 2025.