Germany's Norma Group Q2 adjusted EBIT more than triples

Norma SE

11/08/2026 06:11

Overview
German engineered connecting technology provider's Q2 sales slightly above prior yr on currency-adjusted basis
Adjusted EBIT more than tripled yr/yr to €7.6 mln, margin improved to 3.6% from 1.1%
Industry Applications unit grew 8.4% currency-adjusted, offsetting weak Mobility & New Energy demand

Outlook
NORMA Group confirms 2026 sales growth forecast of about 0% to 2%
Company maintains 2026 adjusted EBIT margin forecast of about 2% to 4%
Net operating cash flow for 2026 still expected between €10 mln and €20 mln

Result Drivers
COST BASE IMPROVEMENTS - Co said lower material costs and cost-cutting measures under NewNORMA transformation boosted profitability
INDUSTRY APPLICATIONS GROWTH - Industry Applications unit grew 8.4% currency-adjusted, driven by demand in industrial markets and new project wins
WEAK AUTOMOTIVE DEMAND - Mobility & New Energy unit sales fell due to subdued demand in the global automotive industry, especially in EMEA and Asia-Pacific

Company press release: ID:nEQ9hXfqxa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted EBIT
 
EUR 7.60 mln
 
Q2 Adjusted EBIT Margin
 
3.60%
 
Q2 Operating Cash Flow
 
EUR 6.60 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 1 "sell" or "strong sell"
The average consensus recommendation for the industrial machinery & equipment peer group is "buy"
Wall Street's median 12-month price target for Norma Group SE is €17.00, about 9.6% below its August 10 closing price of €18.80
The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 20 three months ago

Reuters Recommended Reads
Aug 10 - Germany's GEA Group Q2 revenue rises, lifts revenue growth outlook
Aug 10 - Helios Technologies Q2 sales slightly beat; raises 2026 outlook
Aug 10 - Motorcar Parts of America Q1 sales fall; reaffirms FY outlook

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(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.)