NORMA Group SE : Prelim. 2020 group adj. EBITA and net op. CF in line; upgrade to Neutral in expectation of a more pronounced adj. EBITA recovery in 2021e
>Prelim. 2020 group adj. EBITA and net op. CF in line with our estimates - Yesterday, Norma released prelim. 2020 figures. Note prelim. 2020 group sales were already released in January. New elements are prelim. 2020 group adj. EBITA and net op. cash flow which came in in line with our expectation. Prelim. 2020 group sales of € 952m (-13% y-o-y, organic -12% y-o-y) slightly exceed the figure (€ 950m) released in January. 2020 group sales reflect marked organic sales d...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.