The cost of materials in the first three months of 2026 amounted to EUR 91.2 million, significantly lower than the previous year’s figure (Q1 2025: EUR 97.9 million). This corresponds to a decrease of 6.9 %. This decline is mainly attributable to a more favorable product mix as well as to lower prices for selected raw materials and energy costs relevant for NORMA Group. In addition, the lower revenue volume in the reporting period had a reducing effect on cost of materials. The material cost ratio – defined as the ratio of the cost of materials to revenue – was 43.7% in the first three months of the current fiscal year and was thus lower than in the previous year (Q1 2025: 44.3%). The material cost ratio in relation to total operating performance (sales revenue plus changes in inventories and other capitalized own work) was 43.6% in Q1 2026 (Q1 2025: 44.9%). The buildup of inventories of finished goods and work in progress in Q1 2026 of EUR 0.4 million (Q1 2025: reduction in inventories of EUR 3.8 million) had a negative effect on the material cost ratio, but to a lesser extent than in the same period of the previous year.
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These contents are part of the Non-financial Group Report and were subject to a separate limited assurance examination.