Introduces New Dividend Policy From FY2027
BRIEF-NORMA Group - Introduces New Dividend Policy From FY2027 Oct 19 (Reuters) - NORMA GROUP SE NOEJ.DE:
NORMA GROUP SE - TARGETS 1-3% CURRENCY-ADJUSTED SALES GROWTH, >10% ADJUSTED EBIT MARGIN, >70% CASH CONVERSION THROUGH 2031
NORMA GROUP SE - EXPECTS ADDITIONAL ANNUALIZED EBIT CONTRIBUTION OF EUR 20-30 MILLION BY 2031 FROM FOOTPRINT MEASURES
NORMA GROUP SE - EXPECTS TOTAL ADDITIONAL ANNUALIZED EBIT SAVINGS OF EUR 70-90 MILLION BY 2031 VERSUS FY2026
NORMA GROUP SE - TARGETS NET DEBT TO ADJUSTED EBITDA RATIO OF UP TO 1.5X
NORMA GROUP SE - INTRODUCES NEW DIVIDEND POLICY FROM FY2027 TARGETING ≥10% OF ADJUSTED GROUP NET INCOME, POTENTIAL SHARE BUYBACKS
NORMA GROUP SE - CONSOLIDATES CHINA SITES, CONCENTRATES MEXICO PRODUCTION, CLOSES AUSTRALIA CENTER, PLANS SINGAPORE OFFICE CLOSURE
Source text: ID:nEQ7jf9XHa
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