NORMA Group generated sales revenue of EUR 208.6 million in Q1 2026, which was 5.7% lower than the same quarter of the previous year. This decline is due mainly to negative currency effects and restrained demand in key customer industries for NORMA Group. Adjusted EBIT amounted to EUR 6.3 million and the adjusted EBIT margin reached 3.0% in the first three months of 2026 – a significant improvement over the same quarter of the previous year (Q1 2025: -0.1%). This substantial margin improvement was largely due to lower cost of materials. The net operating cash flow for Q1 2026 was EUR -19.7 million and was thus worse compared to the previous year (Q1 2025: EUR 3.1 million). This decline is mainly attributable to non-recurring effects from the discontinued Water Management business. Without these non-recurring effects, the net operating cash flow would have been slightly higher year over year.
NORMA Group’s business developed in line with expectations overall in the first three months of 2026, in a challenging environment. The Management Board stands by the forecast announced for the entire year 2026 on March 31, 2026. FORECAST FOR FISCAL 2026
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These contents are part of the Non-financial Group Report and were subject to a separate limited assurance examination.