Maintal (dpa -AFX) – The car supplier and connection technology specialist Norma Group (Norma Group SE) felt the weak industry development last year. Sales shrank by 5.5 percent to EUR 1.155 billion 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 at 92.3 million euros, the corresponding margin remained stable at 8.0 percent. However, that was more operational gain than analysts had previously expected.
“In order to sharpen our profile and to implement our growth goals, we want to sell the global activities in the field of water management,” said CEO Guido Grandi the step announced 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 submits the detailed figures with the net result and the outlook for the current year on March 31st
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