Analysts covering NORMA Group

A key element of IR work is the continuous and transparent dialogue with analysts, as already mentioned. As of December 31, 2022, NORMA Group was covered by 12 analysts from various banks and research companies. Of these, four analysts recommended buying the share and eight recommended holding the share, as of December 31, 2022. The average target price at the end of December 2022 was EUR 25.08 (2021: EUR 43.46).

_{as of December 31, 2022}