NORMA Group SE : H2 2019e organic sales growth to support 2019 guidance
>Q2 2019 adj. EBITA margin setback on rising personnel costs and depreciation - Norma’s Q2 2019 group sales came in at € 289m (-0.4% yoy organic) and its adj. group EBITA at € 41m (14.2% margin, -100bp yoy). Q2 2019 net operating cash flow came in at € 29m (Q2 2018: € 30m). The Q2 2019 results basically reflect weak EJT business linked to soft global LV production (IHS Q2 2019: -8% yoy) with some offsetting effects from strong growth in the US water business. Yoy clea...NORMA Group is a holding Company. Co. manufactures and markets joining products and solutions in three product categories clamps (CLAMP), joining elements (CONNECT) and connections/fluid systems (FLUID). Co.'s clamp products and solutions are manufactured from unalloyed steels or stainless steel and are generally used to join or seal elastomer hoses. Co.'s connection products include connectors made of unalloyed steels or stainless steel that are partly equipped with elastomer or metal seals and are used as the joining and sealing elements of metal and thermoplastic pipes. Co.'s fluid products are either single or multiple layer thermoplastic plug-in connectors for liquid systems.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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