Norma Group Ag Name Akt (NOEJF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Yeah, hello. From my side, a warm welcome to all the participants here. I'm here in Maintal together with Annette Stiebel, CFO to Norma Group, and we'll take you, as usual, through the slides. Also, as usual, answering of questions will be pushed to the back end of the presentation. Let me start with a few general remarks. I guess it's obvious to everybody that Norma is a company in a period of change. Our decision to sell the water business has been the first very decisive step to free up resources and enable future growth and at the same time crystallize value inherent in that water business. But that alone is not enough. There still is a lot of homework to be done in the company, in the remaining company, to ensure that the margins, the business setup, the cash flow of that remaining business meets our expectations. Above all, this means putting structure of our company to the test. This morning we announced to our employees that we are starting a transformation. We will further elaborate on this one, the details for you as shareholders towards the back end of the presentation. But let's first start with the Q1 numbers and take it by walking through the various slides. First overview. With the slides, with the key figures, here is net sales totalled to 284.2 million. That's obviously a decrease against previous year, mainly driven by unfavourable market conditions. The adjusted EBIT came down to 10.3 million and reached a margin of 3.6% for the first three months of 2025. One-off effects had a major impact on those figures, combined with our inability to reduce the fixed costs to live with the lower revenue amounts. CO2 emissions is one of the points where we are on track. It's looking good. We measure those at a rolling 12-month basis for actions we've taken to r...