The Strategy Committee deals in particular with NORMA Group’s long-term orientation towards the various end markets and megatrends. This committee also deals with the effects of climate change on NORMA Group’s business and discusses the sustainability of NORMA Group’s products and production. The committee deals with the innovation process and international expansion of the strategic business units Water Management, Industry Applications, and Mobility & New Energy in the regions. The structures and resources required for this are presented. In fiscal 2023, the Strategy Committee also examined the “Step Up” improvement program, the results of NORMA Group’s Global Business Development Meeting, the strategy for expanding the water business in Europe and, in addition, a higher share of sales in the Water Management and Industry Applications segments compared to Mobility & New Energy, the acquisition of Teco Srl and the branding strategy.

The Strategy Committee held three meetings in 2023. Managers from the USA attended one meeting about individual points and a member of the committee took part in another meeting via video conference. The other participants were present in Maintal.

Besides the Chairman of the Management Board, who attended all meetings, the managers responsible also took part in the Strategy Committee meetings on the respective topics.


These contents are part of the Non-financial Group Report and were subject to a separate limited assurance examination.