Norma Group Ag Name Akt (NOEJF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, ladies and gentlemen, and welcome to the Norma Group SEQ2 2025 results. At this time, all participants have been placed on a listener-only mode. The floor will be open for questions following the presentation. Let me now turn the floor over to your host, Mark Williams, interim CEO of Norma Group. Good morning, good afternoon to everyone. Welcome to our conference call regarding the Q2 2025 results of Norma Group. I'm Mark Williams, Annette Steve, our CFO, and I will guide you through the following slides. We'll answer your questions after the presentation, as we always do. Now let's move into the discussion of the Q2 results and proceed with the first slide. The macroeconomic environment in Q2 has not really changed compared to Q1 when we reported sales of 284.5 million euros. Moreover, headwinds from currency exchange softer US dollar rates put an additional pressure on our top line. As a result, our net sales totaled 290.4 million euros in the second quarter of this year 2025. Adjusted EBIT abounded to 23.4 million euros in the second quarter of 2025. The adjusted EBIT margin remained relatively stable at 8.1%, a number we had delivered, for example, in 2024 or 2023 full year. And it improved significantly quarter over quarter. You might remember that in Q1 of this year, we reported an adjusted EBIT margin of 3.6%. Our net operating cash flow was positive at 31.6 million euros. Coming to the balance sheet, our equity ratio reached 47.9% at the end of June. And for our CO2 emissions, we are on track to reach our saving targets for this year. Let's now move on to the next slide. where we show our top-line development in some more detail. Compared to the same period of the previous year, sales in the second quarter of 2025 decreased by 5.2% in comparis...