Future development of NORMA Group

NORMA Group places a strategic focus on sustainable value creation. Key objectives include steady sales growth, profitability above the industry average, and the most efficient possible use of capital. In addition, the NORMA Group pursues specific sustainability goals to meet its own commitment to responsible treatment of people and the environment. STRATEGY AND OBJECTIVES

The most important financial performance indicators of NORMA Group include Group sales, adjusted EBIT margin, and net operating cash flow. CONTROL SYSTEM AND PERFORMANCE INDICATORS The expected development of the most important financial performance indicators in fiscal year 2026 is presented below.

Overall statement by the Management Board regarding the expected development in fiscal year 2026

Based on the assessments of relevant economic research institutes and industry associations presented in this forecast report, NORMA Group's Management Board generally anticipates a moderately positive development in the company's relevant sales markets. At the same time, the overall economic market environment is expected to remain challenging in fiscal year 2026. Particularly concerning factors are ongoing geopolitical tensions, including the impact of the armed conflict in the Middle East. This could disrupt global value chains and transport networks, posing additional logistical challenges for internationally active industrial companies. The ongoing developments in the Ukraine conflict also remain a source of uncertainty in the geopolitical context. Furthermore, the risk of further protectionist measures related to global trade policy persists, with potential repercussions for international trade flows.

Against this background, the Management Board of NORMA Group SE expects the economic environment and markets to remain characterized by increased volatility and therefore views the 2026 fiscal year with due caution.

Development of Group sales in the fiscal year 2026

Taking into account the aforementioned expected developments in the customer industries relevant to NORMA Group, and assuming that trade conflicts do not escalate further, that important raw materials and intermediate products remain available, and that no further negative factors arise worldwide during 2026 that could lead to significant pressure on the business development of NORMA Group, the Management Board anticipates Group sales growth for the 2026 fiscal year in the range of around 0% to 2%.

Adjusted EBIT margin

A key focus of NORMA Group is maintaining and increasing profitability. Accordingly, all business activities are strategically aligned with this goal. The Group's profitability is to be sustainably increased through, among other things, appropriate operational efficiency measures, for example, within the framework of the STEP UP GROWTH AND EFFICIENCY PROGRAM, and in particular through the global transformation initiated in 2025. The measures implemented in this context aim for a more efficient organization, savings in operational costs, and the optimization of the global location landscape. All of this is intended to contribute to positioning the Group for sustainable, profitable growth and to improving and securing NORMA Group's competitiveness in the long term.

Against this background, the Management Board expects an adjusted EBIT margin of around 2% to 4% for fiscal year 2026. This forecast for the adjusted EBIT margin is contingent upon the absence of any significantly adverse market conditions that could potentially lead to substantial additional costs or limitations in the implementation of operational efficiency measures.

With regard to the adjustment of the result, the Management Board expects, as in previous years, that amortization related to purchase price allocations in completed M&A transactions on tangible and intangible assets, as well as certain related expenses and income, will be taken into account. These are anticipated to amount to around EUR 5 million in total for fiscal year 2026, depending on exchange rate developments.

The implementation of the planned measures from the transformation plan is expected to result in cumulative total costs ranging from around EUR 54 million to around EUR 61 million by 2028. In relation to this, special expenses of around EUR 24 million are anticipated in fiscal year 2026. These are expected to primarily consist of expenses for severance payments within the framework of the restructuring measures, related consulting costs, and expenses from production relocations. The company intends to adjust all special expenses from the global transformation in its operating profit (EBIT).

Net operating cash flow

The Management Board forecasts net operating cash flow for fiscal year 2026 to be in the range of around EUR 10 million to around EUR 20 million.