Norma Group Se · XETR:NOEJ
Norma — Norma Group Ag Name Akt — FY2025 Earnings Presentation
32 slides from Norma's earnings presentation, Mar 31, 2026
Slide 1: Full Year Results 2025
NORMA GROUP FULL YEAR RESULTS 2025 MAINTAL, MARCH 31, 2026
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: Achievements FY 2025 and early 2026 milestones
Achievements FY 2025 and early 2026 milestones Delivered on guidance | Executed portfolio transformation and capital reset Delivered on 2025 Guidance Proposed dividend Water Management divested* despite a challenging environment EUR 0.14 per share EUR 650m net proceeds enable shareholder return and
Slide 4: FY 2025 Financial Overview
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Slide 5: Summary
FY 2025 Summary Profitability impacted by weak markets and operational challenges Net Sales NewNORMA Adjusted** EBIT NewNORMA EUR 821.7m EUR 6.3m -6.8% YoY -80.9% YoY 2025 821.7 2025 6.3 2024* 881.8 2024 33.0 NewNORMA Former NORMA Adjusted** EBIT margin Net Operating Cash Flow 0.8% EUR 95.8m -2.9pp
Slide 6: Top Line Development
FY 2025 Top Line Development Net Sales impacted by softer demand and FX headwinds Net Sales Bridge in EUR million NewNORMA Volume & Price impact: -4.7% YoY from softer demand across IA and MNE 881.8 Currency impact: -2.1% YoY, mainly from Americas (EUR -12.0m) followed by APAC -37.4 -4.2 821.7 (EUR
Slide 7: Net Sales Breakdown by Strategic Business Units
FY 2025 Net Sales Breakdown by Strategic Business Units Underlying demand softer across SBUs Industry Applications Mobility & New Energy Net Sales Bridge (in EUR million) Net Sales Bridge (in EUR million) NewNORMA NewNORMA 649.4 615.3 -34.1 570.0 +34.1 266.5 -32.9 251.7 -12.5 232.4 -8.7 -6.1 2024* R
Slide 8: Breakdown by Regions
FY 2025 Breakdown by Regions Net Sales decline across all regions, margin improvement in APAC AMERICAS EMEA APAC Net Sales* (in EUR million) and Adjusted** EBIT Margin (in %) NewNORMA 468.9 438.3 279.8 258.7 133.1 124.6 3.4% 4.9% 3.8% 9.5% 10.8% -1.5% 2024* 2025 2024* 2025 2024* 2025 Net Sales* -7.5
Slide 9: Adjusted EBIT Development
FY 2025 Adjusted* EBIT Development Volume decline partly offset by cost improvements Adjusted* EBIT Bridge Material Costs improvement in EUR Millions driven by sourcing effects NewNORMA Personnel Costs decreased 33.0 despite positive effects from transformation program Other OPEX and D&A largely sta
Slide 10: Adjusted EBIT Margin
FY 2025 Adjusted* EBIT Margin Gross margin improvement more than offset by higher cost ratios Adjusted* EBIT Margin Bridge [in % of sale and margin impact (pp)] NewNORMA 3.7% +0.3pp -2.0pp -0.4pp -0.1pp -0.1pp 0.8% -0.7pp Adj.* EBIT Margin Volume & Price Material Costs Personnel Costs Other OPEX D&A
Slide 11: Operational Adjustments and Outlook 2026
FY 2025 Operational Adjustments and Outlook 2026 NewNORMA in EUR million* Reported Adjustments FY 2025 Adjusted Adjustments FY 2026 Net Sales 821.7 821.7 32.2 approx. 24.0 EBITDA 20.8 • adjustments for transformation severance & 53.0 • accelerated transformation severance & projects project costs co
Slide 12: Adjusted EPS and Dividend Development
FY 2025 Adjusted EPS and Dividend Development Dividend proposal in line with dividend policy of 30%-35% of adjusted* Group annual earnings Adjusted* Net Income Adjusted* EPS Dividend in EUR Millions in EUR 40.9 1.28 14.3 0.45 0.40 Proposal -0.40 -12.6 -0.97 0.14 -30.9 31% 31% Former NORMA NewNORMA F
Slide 13: Cash Flow Development
FY 2025 Cash Flow Development Positive cash generation supports net debt reduction Net Operating Cash Flow and External Free Cash Flow in EUR million +11.1 Former NORMA 125.0 Net Operating Cashflow (-9.1% YoY) declined slower 95.8 than Adj. EBITDA (-18.6% YoY) -40.2 mainly due to disciplined CAPEX -
Slide 14: Net Debt Development
FY 2025 Net Debt Development Solid operating cash generation and WM sale enable balance sheet transformation Net Debt Development FY 2025 Expected Net Debt 2026 in EUR million in EUR million Former NORMA NewNORMA 329.2 +12.7 +14.5 +11.5 316.1 306.1 +4.0 Net Debt 2025 (Former around around NORMA) red
Slide 15: NewNORMA Outlook 2026
2 NewNORMA Outlook 2026
Slide 16: Outlook FY 2026: Stabilization and Margin Recovery
Outlook FY 2026: Stabilization and Margin Recovery 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 t
Slide 17: Outlook 2026
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 sale – Mechanical eng
Slide 18: 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 19: NewNORMA Update
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Slide 20: NewNORMA Update
NewNORMA Update Trusted parts of everyday life Resetting the foundation of NewNORMA Focussing the business Improved Capital Structure On track to simplify organization • Divestment of Water • Net debt free balance sheet • Initiated structural measures to Management completed reduce operating complex
Slide 21: Three Transformation Enablers
Three Transformation Enablers Focus, discipline and speed Sharpened Strategic Focus Execution Discipline Implementation speed • Prioritize structurally attractive end • Strict cost management • Accelerate decision-making markets • Working capital focus • Clear ownership at SBU level • Reduce exposur
Slide 22: Four Key Pillars Underpinning NewNORMA
Four Key Pillars Underpinning NewNORMA Building a foundation for sustainable growth Restructuring Footprint Sales push Growth • Simplified organization • Lean plant and site • Grow Order Book • Explore opportunities in structure higher value segments and • SG&A improvements • Increase plant utilizat
Slide 23: NewNORMA: Reset. Optimize. Grow.
NewNORMA: Reset. Optimize. Grow. Building a focused Industrial Powerhouse for connecting solutions Reset Optimize Grow 2026 2027 2028+ Disciplined Positioned for Strengthen new performance structural foundation improvement opportunities Strategy Update in H2/2026 23
Slide 24: Thank You! Any Questions?
THANK YOU! (aneoe ANY QUESTIONS?
Slide 25: Appendix
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Slide 26: Investor Relations Contact & Events Calendar
Investor Relations Contact & Events Calendar Event Date Interim Report Q1 2026 May 5, 2026 Annual General Meeting July 1, 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 * The date of the
Slide 27: Reconciliation of Rebased FY 2024 Net Sales
Reconciliation of Rebased FY 2024 Net Sales Overview of rebasing adjustments to 2024 Net Sales figures (WM / IA and intercompany effects) Continuing Discontinued Continuing and discontinued in EUR million Group MNE IA (WM) WM Group Net Sales 2024 as previously disclosed 870.6 649.4 206.6 14.6 284.5
Slide 28: Profit & Loss Statement (continuing operations)
Profit & Loss Statement (continuing operations) Adjusted* Reported in EUR million and % 2024 2025 2024 2025 Net Sales 881.8 821.7 881.8 821.7 Gross Profit 484.5 454.5 484.5 449.9 Gross Profit Margin 54.9% 55.3% 54.9% 54.8% Personnel Costs -272.3 -269.8 -272.3 -293.2 in % of sales 30.9% 32.8% 30.9% 3
Slide 29: Profit & Loss (continuing and discontinued operations)
Profit & Loss (continuing and discontinued operations) Adjusted* in EUR million and % 2024 2025 Net Sales 1,155.1 1,082.8 Gross Profit 668.2 632.7 Gross Profit Margin 57.8% 58.4% Personnel Costs -337.9 -333.2 in % of sales 29.3% 30.8% OPEX -176.7 -174.6 in % of sales 15.3% 16.1% EBITDA 153.5 125.0 i
Slide 30: Balance Sheet
FY 2025 Balance Sheet (continuing and discontinued operations) in EUR million Dec 31, 2024 Dec 31, 2025 in EUR million Dec 31, 2024 Dec 31, 2025 Assets Equity and liabilities Non-current assets Equity Goodwill / Other intangible assets / Total equity 721.4 564.1 Property, plant & equipment 879.9 410
Slide 31: Trade Working Capital Development
FY 2025 Trade Working Capital Development NewNORMA Former NORMA Trade Working capital incl. Supply Chain Financing Programs* Supply Chain Financing Programs** (in EUR million and % of New NORMA Net Sales) (in EUR million and % of Former NORMA Net Sales) 20.8% 20.4% 100 30% 24.9% 500 20% 19.8% 20% 15
Slide 32: Cash Flow Development
Cash Flow Development (continuing and discontinued operations) Net Operating Cash Flow and External Free Cash Flow Variance in EUR million 2024 2025 (2025 to 2024) Adjusted EBITDA 153.5 125.0 -18.6% Δ ± Trade Working capital 5.3 11.1 n. a. Net operating cash flow before investments from operating bu
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