Norma Group rises as Q3 sales jump nearly 20%

Norma SE

02/11/2022 07:53

** Shares of Norma Group  NOEJ.DE  rise 6.4% in early
Frankfurt trade after the German engineering company's Q3 sales
increased by almost a fifth
    ** It posts 19.9% growth in Q3 sales to 318.6 million euros
($314.6 million) driven by higher selling prices and positive
currency effects
    ** Q3 adjusted EBIT rises to 27 million euros from 22.8
million a year earlier
    ** A local trader says cash flow and margin are not as good
as absolute sales and EBIT, but adds the figures "might be good
enough for shares to continue bottom-building chart pattern"
    ** The stock is seen at the top of the German small-cap
index  .SDAXI 
($1 = 1.0128 euros)
 (Reporting by Anastasiia Kozlova)
 ((Anastasiia.Kozlova@thomsonreuters.com))