Annual Report 2023
  • To Our Shareholders
    1. To Our Shareholders
    • The Management Board
    • Letter from the Management Board
    • NORMA Group on the Capital Market
      • Contrary to all expectations, stock markets perform clearly positive in 2023
      • Performance of the NORMA Group share
      • Trading turnover down due to lower volumes and lower share prices
      • Voting rights notifications in 2023
      • 2023 Annual General Meeting
      • Directors’ Dealings
      • Sustainable Investor Relations activities
      • Broadly diversified shareholder structure
      • Analysts covering NORMA Group
      • NORMA Group’s Annual Report receives another award
      • Key issues in capital market communications
      • Service for shareholders
    • Supervisory Board Report
      • Supervisory Board Meetings in 2023
      • Main Activities of the Audit Committee in 2023
      • Main activities of the General and Nomination Committee
      • Main Activities of the Strategy Committee
      • Attendance of Meetings, Training Activities, No Conflicts of Interest
      • Information on the auditor for the 2023 fiscal year
      • Adoption of the 2023 Annual Financial Statements and the Separate Non-Financial Statement for the Group
      • Declaration of Conformity with the German Corporate Governance Code
    • Corporate Governance Report and Declaration on Corporate Governance
      • Declaration of Conformity with the German Corporate Governance Code
      • Published documents on remuneration and auditor’s opinion
      • Information on Corporate Governance practices
      • Compliance
      • Corporate Responsibility, ESG and Climate Change
      • Description of the working methods of the Management Board and Supervisory Board as well as the composition and working methods of their committees
      • Supervisory Board: members, election, independence and length of Supervisory Board tenure
      • Supervisory Board committees: responsibilities and membership
      • Shareholders and Annual General Meeting
      • Shareholdings of the Management and Supervisory Boards
      • Directors’ Dealings
      • Security-like incentive systems
      • Targets for the share of women
      • Diversity concept
      • Information on the auditor and internal rotation
  • Corporate Responsibility Report
    1. Corporate Responsibility Report
    • Corporate Responsibility Strategy
      • NORMA Group’s Approach to Corporate Responsibility
      • Stakeholders & Materiality
      • CR Targets and Sustainable Development Goals
      • Sustainability Ratings and Sustainable Finance
    • Governance
      • Compliance
      • Human Rights
      • Product Quality and Safety
      • Sustainability in purchasing
    • Environment
      • Sustainable Products and Innovations
      • Environmental Strategy and Management Systems
      • Climate protection
      • Water
      • Resource Efficiency and Materials
    • Social
      • Employee Satisfaction
      • Occupational health and safety
      • Learning and Development
      • Diversity and equality of opportunity
      • Social Commitment
    • Combined Non-Financial Report, EU Taxonomy, GRI and UN Global Compact
      • Combined Non-Financial Report
      • EU Taxonomy
    • CR Performance Indicators
    • Assurance Report
      • Independent assurance practitioner's report8
      • Restriction of Use
  • Condensed Management Report 9
    1. Condensed Management Report 9
    • Principles of the Group
      • Business model
      • Organizational structure
      • Products and end markets
      • Market and competitive environment
      • Strategy and goals
      • Financial and liquidity management objectives and strategies
      • Control system and key performance indicators
      • NOVA = (adjusted EBIT x (1 – s)) – (WACC x capital employed)
      • Research and Development
    • Economic Report
      • External factors of influence
      • Significant events and developments in fiscal year 2023
      • Comparison of target and actual values
      • Earnings, assets and financial position
      • Production and logistics
      • Quality management
      • Purchasing and supplier management
      • Workforce
      • Environmental protection and ecological management
      • Marketing
    • Condensed Management Report of NORMA Group SE (HGB)
      • General information
      • Business development
    • Forecast Report
      • Macroeconomic and industry-specific conditions
      • Future development of NORMA Group
    • Risk and Opportunity Report
      • Risk and opportunity management system
      • Risk and opportunity profile of NORMA Group
      • Assessment of the overall profile of risks and opportunities by the Management Board
    • Remuneration Report 2023
      • Remuneration of the Supervisory Board
      • Comparative representation of the annual change within the meaning of Section 162 (1) sentence 2 No. 2 AktG (so-called vertical comparison)
      • Takeover-relevant information 
      • Authorized capital
      • Conditional capital
      • Authorization to acquire treasury shares
    • Report on Transactions with Related Parties
  • Consolidated Financial Statements
    1. Consolidated Financial Statements
    • Consolidated Statement Of Comprehensive Income
    • Consolidated Statement Of Financial Position
    • Consolidated Statement Of Cash Flows
    • Consolidated Statement Of Changes In Equity
    • Notes To The Consolidated Financial Statements
      • General information
      • 1. Group information
      • 2. Basis of preparation
      • Accounting standards applied for the first time in the current fiscal year
      • 3. Summary of significant accounting policies
      • 4. Scope of consolidation
      • 5. Financial risk management
      • 6. Critical accounting estimates and judgments
      • 7. Adjustments
    • Notes to the Consolidated Statement of Comprehensive Income
      • 8. Revenue from contracts with customers
      • 9. Materials and consumables used
      • 10. Other operating income
      • 11. Other operating expenses
      • 12. Employee benefits expense
      • 13. Financial income and costs
      • 14. Net foreign exchange gains / losses
      • 15. Earnings per share (EPS)
      • 16. Income taxes
      • Additional Information on the Consolidated Statement of Financial Position
      • 17. Deferred income tax
      • 18. Goodwill and other intangible assets
      • 19. Property, plant and equipment
      • 20. Leases
      • 21. Financial instruments
      • 21. (a) Trade and other receivables
      • 21. (b) Trade receivables transferred or available for transfer
      • 21. (c) Cash and cash equivalents
      • 21. (d) Other financial assets
      • 21. (e) Financial liabilities and net debt
      • 21. (f) Derivative financial instruments
      • 21. (g) Financial instruments at fair value
      • 21. (h) Net gains and losses on financial instruments
      • 21. (i) Total interest income and expense from financial instruments
      • 21. (j) Offsetting
      • 22. Inventories
      • 23. Other non-financial assets
      • 24. Equity
      • 25. Share-based payments
      • 26. Retirement benefit obligations
      • 27. Provisions
      • 28. Other non-financial liabilities
      • Other Notes
      • 29. Information on the Consolidated Statement of Cash Flows
      • 30. Segment reporting
      • 31. Contingent liabilities
      • 32. Other financial obligations
      • 33. Related party transactions
      • 34. Additional disclosures pursuant to Section 315e (1) of the German Commercial Code (HGB)
      • 35. Exceptions under Section 264, (3) of the German Commercial Code (HGB)
      • 36. Events after the balance sheet date
    • Appendix To The Notes To The Consolidated Financial Statements
      • Voting rights notifications
      • Corporate Bodies of NORMA Group SE
    • Assurance Of Legal Representatives
    • Independent Auditor’s Report
      • Report on the Audit of the Consolidated Financial Statements and of the Condensed Management Report
      • Other legal and regulatory requirements
      • Other matter – Use of the Auditor’s Report
      • German Public Auditor Responsible for the Engagement
  1. Home
  2. Corporate Responsibility Report
  3. Assurance Report

Assurance Report

  • Independent assurance practitioner's report8

    Read more
  • Restriction of Use

    Read more

Quick menu

  • Corporate Responsibility Strategy
  • Governance
  • Environment
  • Social
  • Combined Non-Financial Report, EU Taxonomy, GRI and UN Global Compact
  • CR Performance Indicators
  • Assurance Report
  • Twitter
  • Instagram
  • Facebook
  • LinkedIn
  • NORMA Group Website
  • Imprint
  • Data Privacy Policy
  • Terms & Conditions
  • Deutsch
© NORMA Group 2025