Germany's Norma Group Q1 sales fall

Norma SE

05/05/2026 06:11

Overview

Germany's engineered connectors maker Q1 sales fell 5.7% yr/yr amid weak demand, negative FX

Company completed water management business sale, became net debt-free, and finished share buyback

Outlook

NORMA Group confirms 2026 sales growth forecast of 0 to 2%

Company expects 2026 adjusted EBIT margin of 2 to 4%

Net operating cash flow seen at EUR 10 mln to EUR 20 mln for 2026

Result Drivers

COST STRUCTURE IMPROVEMENTS - Co said improved material cost ratio and lower personnel expenses boosted profitability

INDUSTRY APPLICATIONS GROWTH - Organic growth in Industry Applications, especially in the U.S. and China, supported results

WEAK AUTOMOTIVE DEMAND - Mobility & New Energy sales fell due to weak automotive demand and lower production volumes

Company press release: ID:nEQ1CKgHVa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
EUR 208.60 mln
Q1 Adjusted EBIT
EUR 6.30 mln
Q1 Adjusted EBIT Margin
3.00%


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"

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 €16.00, about 7.7% above its May 4 closing price of €14.86

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 23 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.)