NORMA Group Maintains Profitability Amid Market Challenges

NORMA Group has reported a resilient performance in the third quarter of 2024 despite a challenging market landscape. Sales dropped by 7.9% to EUR 273.6 million, with the water management sector's stability failing to offset declines in automotive and industrial markets. Adjusted EBIT stood at EUR 20.9 million, reflecting a 7.7% margin. The company's operating efficiency program, "Step Up," has positively impacted profitability.

Sales declined in all major regions, with the Americas experiencing a 1.2% drop. The EMEA region saw a 9.4% decrease, while Asia-Pacific sales plummeted by 23.9%. Despite these regional challenges, NORMA Group's overall nine-month sales reached EUR 888.4 million, a 5.1% decrease from the prior year.

Looking forward, NORMA Group expects full-year sales around EUR 1.2 billion and an adjusted EBIT margin of approximately 8.0%. The company remains committed to focusing on efficiency and growth across its strategic business units.