Norma Group Se · XETR:NOEJ
Norma — Norma Group Ag Name Akt — Q2 2026 Earnings Presentation
27 slides from Norma's earnings presentation, Aug 11, 2026
Slide 1: NORMA Group Q2 2026 Results
NORMA GROUP Q2 2026 Results MAINTAL, August 11, 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: Cost discipline lifted profitability; positive net cash position
Cost discipline lifted profitability; positive net cash position Q2 2026 milestones | Execution on NewNORMA priorities ENVIRONMENT ACTIONS RESULTS & OUTLOOK Transformation 3.6% Cost discipline Adjusted EBIT drives Margin Demand remains mixed NewNORMA EUR 2.3m transformation Industry Applications off
Slide 4: NewNORMA Transformation: delivering on our commitments
NewNORMA Transformation: delivering on our commitments 2026 priorities progressing as planned with focus on Restructuring, Footprint and Sales Push Restructuring Footprint Sales push Growth • Simplified organization • Lean plant and site structure • Order-intake initiatives • Explore opportunities i
Slide 5: Delivering on our transformation commitments
Delivering on our transformation commitments FY 2026 expected Transformation benefits on Adj. EBIT Organization simplification on track • On track to reduce up to 400 positions globally, as announced EUR 15m • Voluntary leaver program in Germany completed Performance orientation introduced • End to
Slide 6: IA Sales Push delivers new orders across attractive growth markets
IA Sales Push delivers new orders across attractive growth markets Industry Applications expands in data centers, sustainable energy and infrastructure-markets representing > EUR 3bn. Multiple new orders secured in Malaysia, Thailand and Australia, including follow-on projects and additional data-ce
Slide 7: MNE Sales Push secures record EUR 157m lifetime order
MNE Sales Push secures record EUR 157m lifetime order Record project win strengthens NORMA Group’s position in advanced thermal management for future vehicle platforms. Approx. EUR 157m in lifetime sales over 10 years, with an 80/20 mix of extension and new business, secured with a leading global au
Slide 8: Q2 2026: transformation delivers a profitability step-up
Q2 2026: transformation delivers a profitability step-up Adjusted EBIT more than triples to EUR 7.6m; margin expands 2.5pp to 3.6% Net Sales NewNORMA Adjusted EBIT* NewNORMA EUR 211.8m EUR 7.6m -0.6% YoY (+0.1% YoY on comp. FX basis) +225.2% YoY Q2 2026 211.8 Q2 2026 7.6 Q2 2025 213.1 Q2 2025 2.3 Ne
Slide 9: H1 2026: profitability recovery keeps FY expectations on track
H1 2026: profitability recovery keeps FY expectations on track Adjusted EBIT reaches EUR 14.0m; margin expands 2.8pp to 3.3% Net Sales NewNORMA Adjusted EBIT* NewNORMA EUR 420.5m EUR 14.0m -3.2% YoY (-0.6% YoY on comp. FX basis) +563.9% YoY H1 2026 420.5 H1 2026 14.0 H1 2025 434.3 H1 2025 2.1 NewNOR
Slide 10: Q2 2026 Top Line Development
Q2 2026 Top Line Development Net sales slightly up by YoY volume increase Net Sales Bridge in EUR million NewNORMA 213.1 +0.1 213.2 211.8 -1.4 incl. EUR 4.7m TSA specific sales to ADS Q2 2025 Volume & Price Impact Q2 2026 comp. FX Currency impact Q2 2026 10
Slide 11: Q2 2026 Net Sales Breakdown by Strategic Business Units
Q2 2026 Net Sales Breakdown by Strategic Business Units Strong IA performance offsets softer M&NE demand Industry Applications Mobility & New Energy Net Sales Bridge (in EUR million) Net Sales Bridge (in EUR million) NewNORMA NewNORMA 147.2 141.8 141.3 -5.4 -0.5 65.9 +5.5 71.4 70.6 -0.9 Q2 2025 Volu
Slide 12: Q2 2026 Net Sales and Adj. EBIT Margin by Region
Q2 2026 Net Sales and Adj. EBIT Margin by Region Mixed regional demand, improved profitability across all regions AMERICAS EMEA APAC Net Sales (in EUR million) and Adjusted EBIT Margin (in %)* NewNORMA 117.5 112.9 65.2 70.4 5.8% 30.4 28.5 2.4% 2.2% -1.5% 7.9% 8.3% Q2 2025 Q2 2026 Q2 2025 Q2 2026 Q2
Slide 13: Q2 2026 Adjusted EBIT Development
Q2 2026 Adjusted EBIT Development Lower Material and Personnel Costs enable margin uplift Adjusted EBIT Bridge in EUR Millions and % of Net Sales NewNORMA 3.6% 1.1% +0.8 7.6 +1.5 +0.2 +1.7 -0.1 +1.3 2.3 Adj. EBIT Q2 2025 Volume & Price Material Costs Personnel Costs Other OPEX D&A FX Adj. EBIT Q2 20
Slide 14: H1 2026 Operational Adjustments and Outlook FY 2026
H1 2026 Operational Adjustments and Outlook FY 2026 NewNORMA in EUR million Reported Adjustments H1 2026 Adjusted Adjustments FY 2026 Net Sales 420.5 — 420.5 4.2 approx. 24.0 EBITDA 32.5 • adjustments for transformation severance & 36.7 • accelerated transformation severance & projects project costs
Slide 15: Q2 2026 Cash Flow Development
Q2 2026 Cash Flow Development Reported Net Operating Cashflow reflects absence of Water Management contribution Net Operating Cash Flow in EUR million NewNORMA 19.1 -5.7 6.6 -6.8 Adj. EBITDA Q2 2026 Trade Working capital* Investments from operating business Net Operating Cash Flow (CAPEX) * Includes
Slide 16: FY2026 NewNORMA Pro-Forma Net Debt (Cash)
FY2026 NewNORMA Pro-Forma Net Debt (Cash) Expected at around EUR 70m to 90m at year-end, reflecting SBB II and WM-related tax payments Expected Net Cash YE 2026 in EUR million +57 361 304 -4 around -208 70 to 90 -91 Net Cash per June Short term deposits Net Cash incl. short Dividends Share Buyback I
Slide 17: Outlook FY 2026 confirmed
Outlook FY 2026 confirmed Focus on profitability as well as quality of sales 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% In the range of Net Operating Cash Flow EUR 95.8m around EUR 10m to aroun
Slide 18: Thank You! Any Questions?
THANK YOU! (_meon Any Questions?
Slide 19: Investor Relations Contact & Events Calendar
Investor Relations Contact & Events Calendar Event Date Strategy Update October 19, 2026 Interim Report Q3 2026 November 3, 2026 Contact Pia-Maria Goerner, Director Investor Relations, Corporate Communications & Sustainability Phone: +49 173 317 97 39 Mail: pia-maria.goerner@normagroup.com 19
Slide 20: Appendix
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Slide 21: 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 22: 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 23: Q2 2026 Profit & Loss Statement (NewNORMA)
Q2 2026 Profit & Loss Statement (NewNORMA) Adjusted* Reported in EUR million and % Q2 2025 Q2 2026 Q2 2025 Q2 2026 Net Sales 213.1 211.8 213.1 211.8 Gross Profit 117.6 119.6 117.6 119.6 Gross Profit Margin 55.2% 56.4% 55.2% 56.4% Personnel Costs -70.1 -69.1 -70.5 -70.8 in % of sales 32.9% 32.6% 33.1
Slide 24: H1 2026 Profit & Loss Statement (NewNORMA)
H1 2026 Profit & Loss Statement (NewNORMA) Adjusted* Reported in EUR million and % H1 2025 H1 2026 H1 2025 H1 2026 Net Sales 434.3 420.5 434.3 420.5 Gross Profit 237.9 237.4 237.9 237.1 Gross Profit Margin 54.8% 56.5% 54.8% 56.4% Personnel Costs -144.0 -138.5 -144.4 -142.1 in % of sales 33.2% 32.9%
Slide 25: Jun 30, 2026 Balance Sheet
Jun 30, 2026 Balance Sheet* Former NORMA in EUR million Jun 30, 2025 Jun 30, 2026 in EUR million Jun 30, 2025 Jun 30, 2026 Assets Equity and liabilities Non-current assets Equity Goodwill / Other intangible assets / Total equity 648.4 820.9 Property, plant & equipment 803.6 411.0 Non-current and cur
Slide 26: Jun 30, 2026 Trade Working Capital Development
Jun 30, 2026 Trade Working Capital Development NewNORMA Trade Working capital incl. Supply Chain Financing Programs* Supply Chain Financing Programs** (in EUR million) (in EUR million) 47.2 140.2 153.4 33.7 148.4 147.9 (121.0) -114.8 Jun 30, 2025 Jun 30, 2026 Jun 30, 2025 Jun 30, 2026 Inventories Tr
Slide 27: Q2 2026 & H1 2026 Cash Flow Development
Q2 2026 & H1 2026 Cash Flow Development Former NORMA Net Operating Cash Flow and External Free Cash Flow in EUR million Q2 2025 Q2 2026 Variance H1 2025 H1 2026 Variance (Adjusted) EBITDA 38.5 19.1 -50.4% 64.3 39.8 -38.1% Δ ± Trade working capital 1.4 -5.7 n/a -13.1 -39.3 200.0% Net operating cash f
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