Norma Group Ag Name Akt (NOEJF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you. A very warm welcome from my side to all of you listening to this call. This is actually the first full quarterly report as the new CEO of Norma together with the new CFO, Okan Scheliger, today. So as usual, after the presentation, you will have the opportunities to ask your questions and we are very happy to answer them. So we will share some of the results we have in our Q1 and also share some of the changes we have introduced since the start of new norma, which we see some effective already in the Q1 results. So here you see our usual disclaimer. Please pay attention to this one. And as we've done in the full earnings call from 2025, we will differentiate between new norma and former norma. The focus is on new norma and some topics we still talk about the former norma, and this is highlighted in the presentation. So now we have a look at the Q1 milestones and achievements. So first of all, I have to say I'm very happy that we see a very good improvement in our profitability, which is 3.1 percentage point year over year improved. So this is basically coming from a cost discipline in all cost areas and a big thank you to all of our colleagues who made this happen with us. So we see also secondly from the pricing efforts we have taken in positive effects, which is also of course contributing to the profitability. We see in our sales still some slight issues which we are working on. Debt repayment very positive based on the water divestment. So we are net debt free currently. So a very good basis for new normal. The transformation program is progressing exactly as we have planned and as we have communicated and announced to you. So we are simplifying, streamlining our organization, and the cost measures are well underway according to plan and committed. We w...