NORMA Group SE : We expect a more muted adj. EBITA margin recovery; downgrade to Reduce
>Pronounced loss for Q2 2020e ahead - Norma is due to report Q2 2020 results on 5 August. We expect Q2 2020e group sales to be down 44% organically y-o-y to € 164m. In our view Q2 2020e group sales reflect Norma’s marked exposure to Europe and Americas in its Engineered Jointing Technologies business which were affected by plant shutdowns of all relevant OEMs with some mitigating impact US water management business which we expect to have seen some growth. On the back...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.