Norma Group Se · XETR:NOEJ
Norma — Q1 2026 Earnings Presentation
26 slides from Norma's earnings presentation, May 5, 2026
Slide 1: NORMA Group Q1 2026 Results
NORMA GROUP Q1 2026 Results MAINTAL, May 5, 2026 1
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements on the business development of NORMA Group SE that are based on management’s current assumptions and judgments regarding future events and results. All statements in this presentation other than statements of historical fact could be f
Slide 3: Q1 2026 milestones
Q1 2026 milestones Encouraging performance development and continuing transformation progress Increased profitability Pricing stabilized Debt repayment Adjusted EBIT Margin +3.1pp YoY, Initial positive effects of new pricing EUR ~290m financial debt repaid as enabled by Gross Profit Margin strategy
Slide 4: Major order win for Mobility & New Energy
Major order win for Mobility & New Energy NORMA Group has secured a major contract for emission/ fuel vapor purgetank ventilation lines and other fluid lines from a leading automotive manufacturer. Starting in 2029, NORMA Group will deliver plastic line systems directly to the OEM’s plants in North
Slide 5: Industry Applications is gaining market share
Industry Applications is gaining market share NORMA Group has succeeded in winning attractive contracts in the IA sector. Across various product groups, NORMA Group gained market share, both in new business awards and in the renewal of existing contracts following competitive bidding. Strong custome
Slide 6: NewNORMA transformation is built on four key pillars
NewNORMA transformation is built on four key pillars 2026 with focus on Restructuring, Footprint and Sales Push Restructuring Footprint Sales push Growth • Simplified organization • Lean plant and site • Grow Order Intake • Explore opportunities in structure higher value and growth • SG&A improvemen
Slide 7: Transformation progress in Q1 2026
Transformation progress in Q1 2026 Simplified Organization • First step to SBU structure implemented, planned to be reflected in reporting as of Q1-27. • Shared Service Center capacity expansion in Novi Sad. SG&A Improvements • US: Headcount reduction is being implemented as planned. • EMEA: Volunta
Slide 8: Q1 2026 Summary
Q1 2026 Summary Profitability improved driven by Gross Profit Margin expansion Net Sales NewNORMA Adjusted* EBIT NewNORMA EUR 208.6m EUR 6.3m -5.7% YoY Q1 2026 208.6 Q1 2026 6.3 Q1 2025 221.2 Q1 2025 -0.2 NewNORMA Former NORMA Adjusted* EBIT Margin Net Operating Cash Flow 3.0% EUR -19.7m +3.1pp YoY
Slide 9: Top Line Development
Q1 2026 Top Line Development Net Sales decline mainly driven by FX headwinds Net Sales Bridge* in EUR million NewNORMA Net Sales: -5.7% YoY to EUR 208.6m, mainly driven by FX headwinds. Currency impact: -4.4% YoY (EUR -9.7m), mainly from Americas (EUR -6.8m) followed by 221.2 +0.6 APAC (EUR -1.9m).
Slide 10: Net Sales Breakdown by Strategic Business Units
Q1 2026 Net Sales Breakdown by Strategic Business Units IA demand resilient, softer start in M&NE Industry Applications Mobility & New Energy Net Sales Bridge (in EUR million) Net Sales Bridge (in EUR million) NewNORMA NewNORMA 154.5 142.3 -6.1 -6.1 66.7 +3.2 66.3 -3.6 Q1 2025 Volume & Price Currenc
Slide 11: Breakdown by Region
Q1 2026 Breakdown by Region Net Sales decline across all regions, margin recovery in all regions AMERICAS EMEA APAC Net Sales (in EUR million) and Adjusted* EBIT Margin (in %) NewNORMA 117.5 114.1 73.0 65.0 30.6 29.5 3.6% 4.6% 3.0% -1.6% 10.1% 6.6% Q1 2025 Q1 2026 Q1 2025 Q1 2026 Q1 2025 Q1 2026 Net
Slide 12: Adjusted EBIT Development
Q1 2026 Adjusted EBIT Development Cost discipline enabled EBIT improvement Material Costs improved, driven Adjusted EBIT Bridge* by lower input costs and positive in EUR Millions and % of Net Sales mix effects. NewNORMA Personnel Costs reduced, driven 3.0% by lower headcount and cost- -0.1% saving m
Slide 13: Operational Adjustments and Outlook FY 2026
Q1 2026 Operational Adjustments and Outlook FY 2026 NewNORMA in EUR million* Reported Adjustments Q1 2026 Adjusted Adjustments FY 2026 Net Sales 208.6 — 208.6 0.6 approx. 24.0 EBITDA 17.1 • adjustments for transformation severance & 17.7 • accelerated transformation severance & projects project cost
Slide 14: Cash Flow Development
Q1 2026 Cash Flow Development Net Operating Cash Flow impacted by one-offs from Water Management divestment Net Operating Cash Flow and External Free Cash Flow in EUR million Net Operating Cash Flow 20.7 Former NORMA • Negative due to lower Adj. EBITDA (EUR -5.1m YoY) and increase in Trade Working C
Slide 15: Balance sheet reset and initial shareholder returns
Balance sheet reset and initial shareholder returns Major debt repayment and first step of shareholder return completed WM divestment concluded • Purchase price payment received in Q1 2026 as planned. • Net proceeds of c. EUR 650m (post-tax) in FY 2026. Debt repayment • ~EUR 300m earmarked for debt
Slide 16: Outlook FY 2026 confirmed
Outlook FY 2026 confirmed FY 2025 FY 2026 Actuals Outlook Growth in the Net Sales EUR 821.7m range of around 0% to 2% In the range of Adjusted EBIT margin 0.8% around 2% to 4% Dividend Policy NORMA Group's dividend policy is based on a payout ratio of approx. 30 to 35% of the adjusted Group annual e
Slide 17: Thank You! Any Questions?
THANK YOU! (_weo% Any Questions?
Slide 18: Investor Relations Contact & Events Calendar
Investor Relations Contact & Events Calendar Event Date Annual General Meeting July 01, 2026 Interim Report Q2 2026 August 11, 2026 Interim Report Q3 2026 November 3, 2026 Contact Investor Relations Phone: +49 6181 403 403 Mail: ir@normagroup.com 18
Slide 19: Appendix
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Slide 20: Key Assumptions for Outlook 2026
Key Assumptions for Outlook 2026 Assuming no major macro deterioration Topline drivers Cashflow drivers • Outlook for key customer markets: • Lower Net Op. Cashflow compared to FY 2025 (Former NORMA) ◦ Vehicle production: PC -0.4% YoY; CV +0.3% YoY1 from NewNORMA Operations following closing of WM s
Slide 21: Outlook FY 2026 - Additional Housekeeping Items
Outlook FY 2026 - Additional Housekeeping Items Transformation Costs D&A and Capex PPA amortization • Approx. EUR 24m P&L-effective • Both approx. 5% of Net Sales • Approx. EUR 5m expected (to be adjusted) transformation costs expected (to be adjusted) • Approx. EUR 15-20m cash-out related to transf
Slide 22: Profit & Loss Statement (NewNORMA)
Q1 2026 Profit & Loss Statement (NewNORMA) Adjusted* Reported in EUR million and % Q1 2025 Q1 2026 Q1 2025 Q1 2026 Net Sales 221.2 208.6 221.2 208.6 Gross Profit 120.3 117.8 120.3 117.6 Gross Profit Margin 54.4% 56.5% 54.4% 56.4% Personnel Costs -73.8 -69.4 -73.9 -71.3 in % of sales 33.4% 33.2% 33.4
Slide 23: Profit & Loss (Former NORMA)
Profit & Loss (Former NORMA) Adjusted* in EUR million and % Q1 2025 Q1 2026** Net Sales 284.2 225.4 Gross Profit 163.2 129.4 Gross Profit Margin 57.4% 57.4% Personnel Costs -91.3 -75.0 in % of sales 32.1% 33.3% Other operating income and -46.0 -33.7 expenses in % of sales 16.2% 14.9% EBITDA 25.9 20.
Slide 24: March 31, 2026 Balance Sheet
March 31, 2026 Balance Sheet* Former NORMA in EUR million March 31, 2025 March 31, 2026 in EUR million March 31, 2025 March 31, 2026 Assets Equity and liabilities Non-current assets Equity Goodwill / Other intangible assets / Total equity 698.2 871.6 Property, plant & equipment 851.1 405.6 Non-curre
Slide 25: Trade Working Capital Development
Q1 2026 Trade Working Capital Development NewNORMA Trade Working capital incl. Supply Chain Financing Programs* Supply Chain Financing Programs** (in EUR million) (in EUR million) 53.0 151 146 32.9 158 146 (123) -118 Q1 2025 Q1 2026 Q1 2025 Q1 2026 Inventories Trade receivables Trade accounts payabl
Slide 26: Cash Flow Development
Q1 2026 Cash Flow Development Former NORMA Net Operating Cash Flow and External Free Cash Flow Variance* in EUR million Q1 2025 Q1 2026 (Q1 2026 to Q1 2025) Adjusted EBITDA 25.9 20.7 -20.1% Δ ± Trade Working capital -14.5 -33.6 +131.7% Net operating cash flow before investments from operating busine