Maintal, July 21, 2022 – Based on actual figures for second quarter 2022 and on the basis of expectations for the remaining fiscal year 2022, NORMA Group SE (ISIN DE 000A1H8BV3 / WKN A1H8BV, „NORMA Group") adjusts its guidance for the adjusted EBIT margin and the net operating cash flow.

The main reasons for this are unexpectedly further increasing material costs due to high increased gas and energy prices, which could not be fully compensated by increases in sales prices, a further increase of inflation, ongoing effects of the war in Ukraine, the risk of further lockdowns in China as well as higher costs for logistics and other operative costs including IT implementation costs.

Considering these factors, the Management Board of NORMA Group SE has carried out a reassessment and is therefore now expecting an adjusted EBIT margin of around 8 % for the full year 2022 (previous guidance: „around 11 %“). The net operating cash flow is now expected at around EUR 60 million (previous guidance: „around EUR 100 Mio.”).

Regarding the development of organic Group sales, the Management Board is maintaining its guidance published in the Annual Report 2021 (“medium to high single-digit organic Group sales growth”), which was confirmed in the Interim Statement on the first quarter 2022.

NORMA Group adjusts certain expenses for the operational management of the company. In the first half 2022, expenses of EUR 11.0 million for depreciation and amortization of property, plant and equipment and intangible assets from purchase price allocations were adjusted within EBIT.

Contact: 
Andreas Trösch
Vice President Investor Relations, Communications & Corporate Responsibility
Phone: +49 6181 6102 741
E-Mail: [email protected]