NORMA Group SE : A mixed Q3 2024 performance and specifying its FY 2024 guidance at the lower end of range
>Q3 2024 suffered from adverse markets in Automotive and Industrial - Norma’s reported Q3 2024 group sales are -8% y-o-y to € 274m (-5% vs ODDO BHF; -2% vs css) with an organic growth rate of -7.6%. Group adj. EBIT is -16% y-o-y to € 21m (-4% vs ODDO BHF; -1% vs css) with an adj. EBIT margin of 7.6% (in line with ODDO BHF and css). Norma is suffering from the persistent weakness in the global automotive industry with low production figures for cars and trucks and the ...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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