Key figures

The principal accounting policies applied in the preparation of these Consolidated Financial Statements for the fiscal year from January 1, to December 31, 2024 are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

The Consolidated Financial Statements have been prepared in euros. The exchange rates used by the Group for foreign currency translation are as follows:

Exchange rates

T079

Spot rate

Average rate

Dec 31, 2024

Dec 31, 2023

2024

2023

1.6772

1.6263

1.6399

1.6288

6.4253

5.3618

5.8274

5.4018

7.5833

7.8509

7.7861

7.6587

0.9412

0.9260

0.9527

0.9716

25.1850

24.7240

25.1193

24.0044

0.8292

0.8691

0.8466

0.8698

88.9335

91.9045

90.5401

89.3040

163.0600

156.3300

163.8529

151.9021

1,532.1500

1,433.6600

1,475.4529

1,413.2366

4.6454

5.0775

4.9496

4.9310

21.5504

18.7231

19.8091

19.1894

4.2750

4.3395

4.3053

4.5418

116.4004

116.8120

116.6771

116.8522

114.9650

99.9080

100.3838

92.3323

11.4590

11.0960

11.4350

11.4736

1.4164

1.4591

1.4457

1.4522

35.6760

37.9730

38.1682

37.6218

36.7372

32.6531

35.5724

25.7628

1.0389

1.1050

1.0821

1.0815

Unless indicated otherwise, all amounts are stated in thousands of euros (EUR thousands). All amounts have been rounded. Therefore, in individual cases, differences in the order of 1 thousand euros may arise when adding individual values to the total value.

The Consolidated Financial Statements of NORMA Group have been prepared in accordance with International Financial Reporting Standards (IFRS) and the supplementary interpretations as applicable in the EU as well as with the regulations under commercial law as set forth in Section 315e of the German Commercial Code [Handelsgesetzbuch, HGB for the fiscal year ended December 31, 2024.

The Consolidated Statement of Comprehensive Income has been prepared in accordance with the total cost method.

The Consolidated Financial Statements of NORMA Group SE were prepared by the Management Board on March 18, 2025 released for publication and forwarded to the Supervisory Board for review and approval.

The Consolidated Financial Statements of NORMA Group are being filed and published in the Company Register.

The preparation of financial statements in conformity with IFRS (EU) requires the Management Board to use certain accounting estimates. It is also required to exercise its judgment in the process of applying the Group’s accounting policies. Disclosures regarding areas involving a higher degree of judgment or complexity and areas in which assumptions and estimates play a material role in the Consolidated Financial Statements can be found in NOTE 6 ACCOUNTING ESTIMATES AND JUDGMENTS.

Legend

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