NORMA Group Reports Stable Profitability Amidst Challenging 2024

NORMA Group has concluded its financial year 2024 with steady profitability despite economic headwinds. Preliminary figures show sales at approximately EUR 1.2 billion, and an adjusted EBIT of EUR 92.3 million, maintaining a margin of 8.0 percent. Net operating cash flow increased to EUR 105.4 million.

CEO Guido Grandi emphasized the company's resilience in a difficult market. Economic slowdowns in automotive and construction affected performance. However, operational efficiencies and sales initiatives under the ‘Step Up’ program mitigated these challenges.

Despite a 5.5 percent reduction in annual sales, the company saw gains from acquiring Teco. The Water Management business is set for divestment to focus on core operations in joining technology. NORMA remains committed to expanding industrial market presence, planning both organic growth and acquisitions.