NORMA Group SE : Mixed Q2 2024, but group reiterates FY 2024 guidance
>A robust Q2 2024 adj./ reported EBIT performance in tough markets - Norma’s Q2 2024 reported group sales are -5% y-o-y to € 306m (-1% vs ODDO BHF& cons.) and Group adj. EBIT is -4% y-o-y to € 26.1m (+4% vs ODDO BHF and the consensus.) with an adj. EBIT margin of 8.5% (+40bp vs ODDO BHF and the consensus). Q2 2024 reported EBIT is -6% y-o-y to € 20.5m (+5% vs ODDO BHF and consensus) with a flat y-o-y EBIT margin of 6.7% (+40bp vs ODDO BHF and consensus). Norma claims ...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.