NORMA Group SE : No major surprises from the full release of FY 2023 results and fresh guidance for FY 2024 looks in line overall
>Full release of FY 2023 results looks to be in line - Norma already released preliminary KPI’s for FY 2023 down to the adj. EBIT line in mid-February and today’s full release is fully in line with the preliminary figures: Norma’s FY 2023 reported group sales were -2% y-o-y to € 1.22bn with an organic growth rate of +0.7% y-o-y. Looking at the regions organic sales growth was driven by EMEA (+5.7% y-o-y) and APAC (+4.0%), while the Americas lagged behind (-4.0%). Norm...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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