Germany's Norma Group 2025 revenue falls 6.8% on weak demand

Norma SE

31/03/2026 06:11

Overview

Germany engineered connecting tech provider's 2025 revenue fell 6.8% yr/yr amid weak demand

Adjusted EBIT margin dropped sharply to 0.8%, but remained at upper end of co's forecast

Company completed water business sale and share buyback equal to 10% of share capital

Outlook

Norma Group expects 2026 revenue growth of about 0 to 2%

Company sees 2026 adjusted EBIT margin at around 2 to 4%

Net operating cash flow for 2026 expected between EUR 10 mln and EUR 20 mln

Result Drivers

LOWER DEMAND - Co said revenue decline was mainly due to lower orders from vehicle manufacturers and subdued demand in parts of the industrial business

HIGH COST BASE - Profitability was negatively affected by a cost base that remained high relative to lower capacity utilization, particularly in personnel

COST SAVINGS - Strict cost discipline and savings in materials and energy partially offset the impact of lower volumes

Company press release: ID:nEQ1Rb5gMa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Operating Cash Flow
EUR 95.80 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

Wall Street's median 12-month price target for Norma Group SE is €15.60, about 8.8% below its March 30 closing price of €17.10

The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 15 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)