NORMA Group SE

NOEJ

Equity

ISIN DE000A1H8BV3 / Valor 12777608

Xetra (2026-07-31)

EUR 18.24-0.33%

NORMA Group SE
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

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

Headline results

Q1 2026 Net Sales: EUR 208.6m (-5.7% YoY; currency headwind ~-4.4%). Adjusted EBIT: EUR 6.3m (Adj. EBIT margin 3.0%, +3.1pp YoY). Reported EBIT was EUR 4.5m; adjusted EBITDA ~EUR 17.7m.

Profitability drivers

Improvement came from gross profit margin expansion supported by a new pricing strategy, lower material input costs, mix effects and lower personnel/overhead costs. The transformation program contributed positively to adjusted EBIT (reported net contribution ~EUR 3.8m). Organic volume/price effects were slightly negative overall (-1.3% YoY) but pricing partially offset lower volumes.

Cash flow, divestment and balance‑sheet actions

Net operating cash flow was EUR -19.7m in Q1 2026, driven by lower adjusted EBITDA and a spike in trade working capital related to the Water Management (WM) divestment (WM-related TWC effects ~EUR 32.7m). The WM sale will provide net proceeds of ~EUR 650m in FY 2026; ~EUR 290m of financial debt was repaid in Q1 and remaining gross financial debt is ~EUR 98.3m. Up to EUR 260m committed for shareholder return (≈EUR 53m returned early Q2 via buyback); target net cash of EUR 70–90m by end‑2026.

Outlook confirmed

FY 2026 guidance reiterated: Net Sales growth around 0%–2%; Adjusted EBIT margin 2%–4%; Net Operating Cash Flow around EUR 10–20m. Management will provide a Vision 2028 strategy update in H2 2026.

Operational & transformation progress

Transformation pillars (Restructuring, Footprint, Sales push, Growth) advanced in Q1: first step to SBU structure, shared service capacity expansion in Novi Sad, headcount reductions/voluntary leaver program (~100 FTE exits in EMEA) and SG&A reductions. New pricing approach has been rolled out to support gross margin.

SBU / regional performance & wins

Industry Applications showed resilience and market‑share gains through new and renewed contracts; Mobility & New Energy had a softer start but pipeline includes a major ramp project. Net sales declined across regions, but adjusted EBIT margins improved in all regions (Americas +1.0pp, EMEA +4.6pp, APAC +3.5pp).

Notable order and commercial developments

NORMA Group secured a seven‑year Mobility & New Energy contract (starting 2029) worth up to EUR 30m to supply purgetank ventilation and fluid lines to a leading OEM, with production planned in Mexico and Serbia. Continued IA contract wins cited as proof of competitive positioning.

Summarized from source with an LLMView Source

Key figures

17.1%1Y

13.8%3Y

-59.1%5Y

Performance

42.6%1Y

37.7%3Y

38.9%5Y

Volatility