Brief: NORMA GROUP Sales In Q3 2023 6.7% Lower Than In The Same Quarter Of The Previous Year

Norma SE

07/11/2023 06:08

Nov 7 (Reuters) - NORMA GROUP SE  NOEJ.DE :
    * AT EUR 297.1 MILLION, SALES IN Q3 2023 6.7% LOWER THAN IN
THE
SAME QUARTER OF THE PREVIOUS YEAR
    * ADJUSTED OPERATING RESULT (EBIT) AT 24.8 MILLION EUROS;
ADJUSTED
EBIT MARGIN AT 8.3 PERCENT
    * IN ORGANIC TERMS, SALES FELL BY 1.5% IN THE MONTHS FROM
JULY TO
SEPTEMBER 2023
    * NEGATIVE CURRENCY EFFECTS IN CONNECTION WITH THE US DOLLAR
ADDITIONALLY REDUCED SALES GROWTH BY 5.2%
    * THE ADJUSTED EBIT MARGIN AMOUNTED TO 8.3% (Q3 2022: 8.5%)
    * IN PERIOD FROM JANUARY TO SEPTEMBER 2023, NORMA GROUP
GENERATED
SALES OF EUR 936.1 MILLION, A SLIGHT DECREASE OF 0.5 PERCENT
COMPARED TO PREVIOUS YEAR (Q1-Q3 2022: EUR 940.9 MILLION)
    * NEGATIVE CURRENCY EFFECTS BURDENED SALES DEVELOPMENT BY
2.0
PERCENT
    * Q3 CASH FLOW FROM OPERATING ACTIVITIES AT EUR 48.9 MILLION

Further company coverage:  NOEJ.DE 

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