02.11.2023 NORMA Group SE  DE000A1H8BV3

EQS-Adhoc: NORMA Group SE adjusts sales guidance for the current fiscal year 2023 and specifies further elements of the company guidance


EQS-Ad-hoc: NORMA Group SE / Key word(s): Change in Forecast/Forecast
NORMA Group SE adjusts sales guidance for the current fiscal year 2023 and specifies further elements of the company guidance

02-Nov-2023 / 16:01 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Maintal, November 2, 2023 –NORMA Group SE (ISIN DE 000A1H8BV3 / WKN A1H8BV, "NORMA Group") adjusts its sales guidance for the fiscal year 2023.

Based on the current, preliminary sales figures for the month of October, reduced call-offs from automotive and supplier customers as well as the expectations for the remainder of the fiscal year 2023, the Management Board of NORMA Group SE now expects organic Group sales growth in the range of around 0% to 1% year-on-year for the 2023 fiscal year (previously: "medium single-digit organic Group sales growth"). The reasons include the consequences of the strikes at US-American car manufacturers, with no longer expected catch-up effects until the end of the fiscal year. In the EMEA and Asia-Pacific regions, offsets are also no longer expected due to the general market weakness.

The Management Board confirms the current guidance for the adjusted EBIT margin of "around 8%" as well as the current guidance of "around EUR 70 million" for the operating net cash flow.

The following other components of the company's guidance are being specified:

The Management Board now expects an improvement in the cost of materials ratio in the fiscal year 2023 compared to the previous year (previously: “stable cost of materials ratio compared to the previous year”).

With regard to the personnel cost ratio, the Management Board now expects an increase for the fiscal year 2023 (previously: “stable personnel cost ratio compared to the previous year”).

Regarding the Financial Result, the Management Board of NORMA Group now expects EUR -22 million (previously: “up to EUR -15 million”), due to increased interest rate levels. With regard to the adjusted tax rate, the Management Board now expects this to be in the range between 35% and 39% (previously: "between 33% and 37%”) for the full year 2023. Accordingly, the EPS is now expected to show a decrease compared to the previous year (previously: “moderate increase compared to previous year”).

The NORMA Value Added is now expected within the range of EUR -45 million and EUR -30 million (previously: “between EUR -10 million and EUR 10 million”).

The other components of the forecast published in the annual report 2022 and confirmed in the half-year report 2023 remain unchanged.


Andreas Trösch
Vice President Investor Relations, Group Communications, Corporate Responsibility & Group Marketing
E-Mail: [email protected]
Tel.: +49 (0)6181 – 6102 741


End of Inside Information

Information and Explanation of the Issuer to this announcement:

Based on preliminary, unaudited figures, NORMA Group generated sales of EUR 297.1 million in Q3 2023 (Q3 2022: EUR 318.6 million). This corresponds to a decline of 6.7% compared to the same quarter of the previous year. This includes organic sales decline of 1.5%. Currency effects had a negative impact of 5.2%.

Adjusted EBIT was approximately EUR 24.8 million in Q3 2023 (Q3 2022: EUR 27.0 million), and the adjusted EBIT margin was 8.3% (Q3 20122: 8.5%). The net operating cash flow was EUR 38.6 million (Q3 2022: EUR -3.8 million).

NORMA Group adjusts certain expenses for the operational management of the company. In Q3 2023, expenses in the amount of EUR 0.6 million were adjusted within EBITA for depreciation and amortization of property, plant and equipment from purchase price allocations. Furthermore, expenses in the amount of EUR 15.2 million were adjusted within EBIT for amortization of intangible assets.

NORMA Group will publish the final figures for the third quarter of 2023 on November 7, 2023. At 2:00 p.m., CEO Guido Grandi and CFO Annette Stieve will be available for questions in a conference call.

02-Nov-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

Language: English
Company: NORMA Group SE
Edisonstr. 4
63477 Maintal
Phone: +49 6181 6102 741
Fax: +49 6181 6102 7641
E-mail: [email protected]
Internet: www.normagroup.com
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1764009

End of Announcement EQS News Service

1764009  02-Nov-2023 CET/CEST


Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 1.017,08 1.084,14 1.100,10 952,17 1.091,91 1.243,01 1.222,80
EBITDA1,2 196,25 196,97 173,80 99,31 167,59 157,24 153,00
EBITDA-Marge3 19,30 18,17 15,80 10,43 15,35 12,65
EBIT1,4 137,79 133,50 96,68 20,15 92,07 76,52 97,50
EBIT-Marge5 13,55 12,31 8,79 2,12 8,43 6,16 7,97
Jahresüberschuss1 119,82 91,79 58,45 5,48 56,07 39,18 36,00
Netto-Marge6 11,78 8,47 5,31 0,58 5,14 3,15 2,94
Cashflow1,7 145,99 91,79 137,08 133,54 108,39 76,52 87,30
Ergebnis je Aktie8 3,76 2,88 1,83 0,18 1,76 1,23 1,09
Dividende8 1,05 1,10 0,04 0,70 0,75 0,55 0,95
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2022 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: PricewaterhouseCoopers

Norma Group
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A1H8BV 14,630 Halten 466,15
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
9,44 16,50 0,57 7,56
0,69 5,34 0,38 4,91
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
0,55 0,55 3,76 16.05.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
07.05.2024 13.08.2024 05.11.2024 26.03.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-2,64% -9,29% -8,73% -41,57%
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