Show main navigation
Opens the submenu
Introduction
Main menu
Introduction
About This Report
2025 Financial Figures
Opens the submenu
NORMA GROUP
1
Introduction
NORMA GROUP
1
Focus on two pillars of the “Industrial Powerhouse” Industry Applications
Mobility & New Energy
Opens the submenu
To our Shareholders
Main menu
To our Shareholders
The Management Board
Letter from the Board
Opens the submenu
NORMA Group on the Capital Market
To Our Shareholders
NORMA Group on the Capital Market
NORMA Group share performance
Increased trading volumes in 2025
Voting rights notifications in the fiscal year 2025
Annual General Meeting 2025 approves a dividend of EUR 0.40 per share and elects new Supervisory Board members
Directors’ dealings
Sustainable investor relations activities
Broadly diversified regional shareholder structure
Analyst coverage
Key topics in capital market communication
Service for shareholders
Opens the submenu
Supervisory Board Report
To Our Shareholders
Supervisory Board Report
Information provided to the Supervisory Board
Key activities of the Supervisory Board and its committees in 2025
Meetings in 2025
Other activities of the Supervisory Board and its committees in 2025
Personnel changes on the Supervisory Board
Information on the auditor for the fiscal year 2025
Adoption of the Annual Financial Statements 2025, approval of the Consolidated Financial Statements for 2025 and approval of the Separate Consolidated Non-financial Statement
Conflicts of interest
Statement on the German Corporate Governance Code
Thanks to the employees and shareholders of NORMA Group
Opens the submenu
Corporate Governance Report and Corporate Governance Statement
To Our Shareholders
Corporate Governance Report and Corporate Governance Statement
Statement of Compliance with the German Corporate Governance Code
Published documents on the remuneration of the Management Board and auditor’s report
Information on corporate governance practices
Compliance
Corporate responsibility, ESG, climate change
Description of the working methods of the Management Board, the Supervisory Board and the working methods of the Supervisory Board committees
Supervisory Board: Members, election, independence and length of membership in the Supervisory Board
Committees of the Supervisory Board
Audit Committee
Presidential and Nomination Committee
Strategy Committee
Diversity concept, targets for the composition and skills profile
Educational and professional background
Targets for the proportion of women
Age
Shareholders and Annual General Meeting
Shareholdings of the Management Board and Supervisory Board
Incentive systems similar to securities
Information on the auditor
Opens the submenu
Combined Management Report
6
Main menu
Combined Management Report
6
Opens the submenu
Principles of the Group
COMBINED MANAGEMENT REPORT
6
Principles of the Group
Preliminary note – Classification of Water Management as “discontinued operation”
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 performance indicators
Research and Development
Opens the submenu
Economic Report
COMBINED MANAGEMENT REPORT
6
Economic Report
External influencing factors
Comparison of target and actual values for 2025
Earnings, assets and financial position
Production and logistics
Purchasing and supplier management
Workforce
Opens the submenu
Consolidated Non-financial Statement
9
COMBINED MANAGEMENT REPORT
6
Consolidated Non-financial Statement
9
General information
Report creation
Due diligence, control mechanisms, and risk management
Strategy and materiality assessment
Identification of material impacts, risks, and opportunities and assessment of business model resilience (IRO-1)
Climate change
Resource use and circular economy
Water resources
EU Taxonomy
Own workforce
Workers in the upstream value chain
Corporate culture and values
Corruption and bribery
Information security
Product quality
Notes to the Consolidated Non-financial Statement
Additional voluntary sustainability disclosures that are not part of the Consolidated Non-financial Statement or the Management Report
Opens the submenu
Condensed Management Report of NORMA Group SE (HGB)
COMBINED MANAGEMENT REPORT
6
Condensed Management Report of NORMA Group SE (HGB)
Principles
Business performance
Opens the submenu
Forecast Report
COMBINED MANAGEMENT REPORT
6
Forecast Report
Future development of NORMA Group
Opens the submenu
Risk and Opportunity Report
COMBINED MANAGEMENT REPORT
6
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
Opens the submenu
Remuneration Report 2025
COMBINED MANAGEMENT REPORT
6
Remuneration Report 2025
Application of the remuneration systems
Remuneration of the Supervisory Board
Comparative presentation of the annual change within the meaning of Section 162 (1) (2) (2) of the German Stock Corporation Act (AktG) (“vertical comparison”)
Opens the submenu
Takeover-relevant Information
COMBINED MANAGEMENT REPORT
6
Takeover-relevant Information
Authorized capital
Conditional capital
Authorization to acquire treasury shares
Opens the submenu
Consolidated Financial Statements
Main menu
Consolidated Financial Statements
Consolidated Statement Of Comprehensive Income
Consolidated Statement Of Financial Position
Consolidated Statement Of Cash Flows
Consolidated Statement Of Changes In Equity
Opens the submenu
Notes To The Consolidated Financial Statements
Consolidated Financial Statements
Notes To The Consolidated Financial Statements
General disclosures
1. Group information
2. Basis for 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. Accounting estimates and judgments
7. Adjustments
Notes to the Statement of Comprehensive Income
8. Revenue from contracts with customers
9. Cost of materials
10. Other operating income
11. Other operating expenses
12. Employee benefit expenses
13. Financial result
14. Net foreign exchange gains/losses
15. Earnings per share
16. Income taxes
Notes to 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 measured at fair value in the Statement of Financial Position
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 remuneration
26. Retirement benefit obligations/pension liabilities
27. Provisions
28. Other non-financial liabilities
Other Notes
29. Notes to the Consolidated Statement of Cash Flows
30. Segment reporting
31. Contingent liabilities
32. Other financial liabilities
33. Discontinued operation
34. Transactions with related parties
35. Additional disclosures pursuant to Section 315e (1) of the German Commercial Code (HGB)
36. Exemptions under Section 264 (3) of the German Commercial Code (HGB)
37. Events after the reporting date
Opens the submenu
Appendix To The Notes To The Consolidated Financial Statements
Consolidated Financial Statements
Appendix To The Notes To The Consolidated Financial Statements
Voting rights notification
Corporate bodies of NORMA Group SE
Assurance Of Legal Representatives
Opens the submenu
Independent Auditor’s Report
Consolidated Financial Statements
Independent Auditor’s Report
Report on the Audit of the Consolidated Financial Statements and of the Condensed Management Report
Other Information
Responsibilities of the Board of Management and of the Supervisory Board for the Consolidated Financial Statements and the Condensed Management Report
Auditor’s Responsibilities for 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
Assurance report
Opens the submenu
Further Information
Main menu
Further Information
Glossary
10-Year Overview
Opens the submenu
Financial Calendar, Contact and Imprint
Further Information
Financial Calendar, Contact and Imprint
Editor
Contact
Contact persons Investor Relations
Contact persons Corporate Responsibility
Design and Realization
Editing
Date of publication
Key figures
Archiv
2021
Annual Report
2022
Annual Report
Half year
2023
Annual Report
Half year
2024
Annual Report
Half year
2025
Annual Report
Third quarter
Half year
First Quarter
Home
Combined Management Report
6
COMBINED MANAGEMENT REPORT
6
Principles of the Group
Read more
Economic Report
Read more
Consolidated Non-financial Statement
9
Read more
Condensed Management Report of NORMA Group SE (HGB)
Read more
Forecast Report
Read more
Risk and Opportunity Report
Read more
Remuneration Report 2025
Read more
Takeover-relevant Information
Read more
Back
Information on the auditor
Next
Principles of the Group