Maintal, July 16, 2020 - NORMA Group SE (ISIN DE 000A1H8BV3 / WKN A1H8BV, 'NORMA Group'), publishes preliminary figures for the second quarter of 2020, which are below the figures for Q2 2019.

Based on preliminary figures, NORMA Group achieved sales of around EUR 191.5 million in the second quarter of 2020. This corresponds to an organic sales decline of ca. - 33.9% compared to the same quarter of the previous year (Q2 2019: EUR 289.0 million). This was mainly caused by the global effects of the COVID-19 pandemic. Currency effects had a positive impact of around 0.1% in the second quarter of 2020.

The adjusted EBITA was roughly at EUR - 22.5 million in the second quarter of 2020 (Q2 2019: EUR 40.9 million). The result was also affected by expenses amounting to around EUR 20.7 million resulting from the change program "Get on Track", which was published in November 2019. Due to the pulling forward of measures in the scope of the change program, costs amounting to ca. EUR 30 million are now expected for the full year 2020. These costs are not shown as adjustments. Including the aforementioned expenses for "Get on Track" the adjusted EBITA margin was at ca. - 11.8% in the second quarter of 2020 (Q2 2019: 14.2%).

The net operating cash flow reached a positive value of roughly EUR 1.9 million in the second quarter of 2020 (Q2 2019: EUR 28.8 million), even though it was burdened by the not yet cash-effective expenses for "Get on Track" of around EUR 20.7 million.

Due to the uncertainty regarding the effects of the COVID-19 pandemic a guidance for the full year 2020 is still not possible.



Contact:
Andreas Trösch
Vice President Investor Relations, Communications and Corporate Responsibility
E-mail: [email protected]
Phone: +49 (0)6181 - 6102 741