|
DGAP-Ad-hoc: NORMA Group SE / Key word(s): Forecast/Change in Forecast
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: Andreas.Troesch@normagroup.com Information and Explanation of the Issuer to this News: Based on preliminary figures, NORMA Group achieved sales of around EUR 317.9 million in the second quarter of 2022. This corresponds to an organic sales growth of ca. 5.3 % compared to the second quarter of the previous year (Q2 2021: EUR 281.7 million). Currency effects had a positive impact of around 7.5 % in the second quarter of 2022. The adjusted EBIT was at roughly EUR 22.3 million in the second quarter of 2022 (Q2 2021: EUR 36.1 million). The adjusted EBIT margin was at ca. 7.0 % (Q2 2021: 12.8 %) in the second quarter of 2022. The net operating cash flow reached a positive value of roughly EUR 26.4 million in the second quarter of 2022 (Q2 2021: EUR 36.8 million). NORMA Group will publish its final figures for the second quarter of 2022 on August 10, 2022. At 2.00 p.m., CEO Dr. Michael Schneider and CFO Annette Stieve will be available for questions during an analysts’ and investors’ conference as well as a conference call.
21-Jul-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | NORMA Group SE |
| Edisonstr. 4 | |
| 63477 Maintal | |
| Germany | |
| Phone: | +49 6181 6102 741 |
| Fax: | +49 6181 6102 7641 |
| E-mail: | ir@normagroup.com |
| Internet: | www.normagroup.com |
| ISIN: | DE000A1H8BV3 |
| WKN: | A1H8BV |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1402919 |
| End of Announcement | DGAP News Service |
|
|
1402919 21-Jul-2022 CET/CEST
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.
