Brief: NORMA Group SE Adjusts Sales Guidance For FY

Norma SE

02/11/2023 15:06

Nov 2 (Reuters) - NORMA GROUP SE  NOEJ.DE :
    * EQS-ADHOC: NORMA GROUP SE ADJUSTS SALES GUIDANCE FOR THE
CURRENT
FISCAL YEAR 2023 AND SPECIFIES FURTHER ELEMENTS OF THE COMPANY
GUIDANCE
    * MANAGEMENT BOARD OF NORMA GROUP SE NOW EXPECTS ORGANIC
GROUP
SALES GROWTH IN RANGE OF AROUND 0% TO 1% YEAR-ON-YEAR FOR 2023
FISCAL YEAR
    * WITH REGARD TO PERSONNEL COST RATIO, MANAGEMENT BOARD NOW
EXPECTS AN INCREASE FOR FISCAL YEAR 2023 (PREVIOUSLY: "STABLE
PERSONNEL COST RATIO COMPARED TO PREVIOUS YEAR")
    * MANAGEMENT BOARD CONFIRMS CURRENT GUIDANCE FOR ADJUSTED
EBIT
MARGIN OF "AROUND 8%" AS WELL AS CURRENT GUIDANCE OF "AROUND EUR
70 MILLION" FOR OPERATING NET CASH FLOW.
    * MANAGEMENT BOARD OF NORMA GROUP NOW EXPECTS EUR -22
MILLION
(PREVIOUSLY: "UP TO EUR -15 MILLION"), DUE TO INCREASED INTEREST
RATE LEVELS
    * MANAGEMENT BOARD NOW EXPECTS AN IMPROVEMENT IN COST OF
MATERIALS
RATIO IN FISCAL YEAR 2023 COMPARED TO PREVIOUS YEAR
    * SAYS NORMA VALUE ADDED IS NOW EXPECTED WITHIN RANGE OF EUR
-45
MILLION AND EUR -30 MILLION (PREVIOUSLY: "BETWEEN EUR -10
MILLION AND EUR 10 MILLION")

Source text for Eikon:  ID:nEQ12Vcl7a 
Further company coverage:  NOEJ.DE 

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