The Car supplier And connection technology specialist Norma Group has felt the weak industry development last year. Sales fell by 5.5 percent to EUR 1.16 billion in the year in 2024 in 2024, according to the preliminary figures, as the company in the SDAX announced on Tuesday in Maintal.
The result adjusted for special effects before interest and taxes (EBIT) was 5.3 percent below the previous year’s value at 92.3 million euros, the adjusted operational return on sales (EBIT margin) remained stable at 8.0 percent. However, that was more operational gain than analysts had previously expected.
“To sharpen our profile and to implement our growth goals, we want to sell the global activities in the field of water management,” confirmed CEO Guido Grandi (51), confirmed in November. In return, the company will do everything to expand its market position, especially in the industrial business, organically and through acquisitions.
In the coming months, the group will consistently continue the sales process and its growth initiatives. Norma will present the detailed figures with the net result and the outlook for the current year on March 31.