NORMA Group SE : FY 2023 prelims show a stable profit margin and a decent cash flow
>FY 2023 preliminary earnings slightly ahead with a decent FCF - According to preliminary, unaudited figures Norma’s FY 2023 reported group sales are -2% y-o-y to € 1.22bn (in line with ODDO BHF; -1% vs consensus) with an organic growth rate of +1% y-o-y (vs guidance for flat y-o-y organic top-line growth). Norma’s group adj. EBIT declined by 1% y-o-y to € 97.5m (+4% vs ODDO BHF; +5% vs consensus) and reached an adj. EBIT margin of 8.0% for FY 2023 (ODDO BHF: 7.7%; co...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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