Brief: Norma sees net operating cash flow of about 100 mln euros in 2022

Norma SE

23/03/2022 06:14

March 23 (Reuters) - Norma Group SE  NOEJ.DE :
    * NORMA GROUP ACHIEVES SALES OF MORE THAN ONE BILLION EURO
IN 2021
AND EXPECTS GROWTH IN 2022
    * MANAGEMENT BOARD AND SUPERVISORY WILL PROPOSE TO VIRTUAL
ANNUAL
GENERAL MEETING ON MAY 17, 2022 DISTRIBUTION OF A DIVIDEND OF
EUR 0.75 PER SHARE TO SHAREHOLDERS FOR FISCAL YEAR 2021
    * OVERALL, MANAGEMENT BOARD EXPECTS GROUP SALES GROWTH IN
MID TO
HIGH SINGLE-DIGIT RANGE FOR FISCAL YEAR 2022
    * PLANNING CALLS FOR AN ADJUSTED EBIT MARGIN OF AROUND 11
PERCENT
IN 2022
    * EXPECTS NET OPERATING CASH FLOW OF ABOUT EUR 100 MILLION
FOR
2022
    * NORMA GROUP HAS NO PRODUCTION OR SALES SITES IN UKRAINE OR
RUSSIA
    * BUSINESS WITH CUSTOMERS IN RUSSIA AND UKRAINE ACCOUNTED
FOR LESS
THAN ONE PERCENT OF NORMA GROUP'S TOTAL SALES IN 2021


Further company coverage:  NOEJ.DE 

 (Reporting by Berlin Newsroom)
 ((Berlin.newsroom@thomsonreuters.com;))