Second share buyback offer and capital reduction successfully completed
NORMA Group successfully completed its second public share buyback offer in September 2026. As part of the offer, the company purchased a total of 9,306,113 of its own shares at a price of EUR 22.35 per share. This represented approximately 29.2% of the previous share capital and a buyback volume of approximately EUR 208 million. The offering was significantly oversubscribed.
The repurchased shares were retired pursuant to the resolution adopted by the Annual Shareholders’ Meeting on July 1, 2026. The capital reduction took effect on September 24, 2026. As a result, NORMA Group SE’s share capital decreased from EUR 31,862,400 to EUR 22,556,287.
Together with the first share buyback offer, which was completed in March 2026, NORMA Group has thus completed the distribution of a total of approximately EUR 260 million to its shareholders from the proceeds of the sale of the Water Management business, as previously announced.
Industry Applications Secures Additional Orders in Industrial End Markets
The Industry Applications strategic business unit achieved further business successes in Q3 2026. In the U.S., NORMA Group secured an order from a construction equipment manufacturer for components used in diesel particulate filters. In addition, NORMA Group won another contract in Europe to supply specialized plastic hoses to an engine manufacturer for use in off-road and agricultural machinery. The order strengthens the existing customer relationship and underscores NORMA Group’s technological expertise. The company’s business successes demonstrate the progress made in implementing sales-push initiatives in the Industry Applications business unit.
Mobility & New Energy Wins New Contract for Electric Mobility Applications in China
The Mobility & New Energy strategic business unit won a new order in the third quarter of 2026 in China from an automotive supplier for cooling systems in plug-in hybrid and battery-electric vehicles. This marked NORMA Group’s first entry into a local vehicle platform in this application area. The contract covers connection components with expected total revenue of more than EUR 3 million over a five-year project period. Production is scheduled to begin in the fourth quarter of 2026. The decisive factors in winning the contract were, in particular, NORMA Group’s competitive pricing, product quality, and engineering expertise. The company’s business success underscores NORMA Group’s competitiveness in the Mobility & New Energy business unit.
Technology & Innovation: NORMA Group Uses Connection Technology in Battery Storage Systemsfor the First Time
NORMA Group deployed its patented dry-break valve technology for the first time in Q3 2026 for a customer in the stationary battery storage systems segment. This technology, originally developed for the automotive industry, enables safe connection and disconnection of coolant lines with minimal fluid leakage. NORMA Group product quality and engineering expertise were key factors in winning this new customer contract. The project launch, originally scheduled for January 2027, was moved up to August 2026.
Trends in Key Performance Indicators During the 2026 Reporting Period
Group revenue rose on a currency-adjusted basis by 0.9% in the first nine months of 2026. Taking into account negative currency effects totaling 1.4%, Group revenue amounted to EUR 628.3 million, which was 0.6% below the prior-year level (Q1–Q3 2025: EUR 631.8 million).
Adjusted EBIT improved significantly to EUR 21.7 million in the period from January through September 2026 (Q1–Q3 2025: EUR 5.9 million). The adjusted EBIT margin rose accordingly to 3.5% (Q1–Q3 2025: 0.9%). Key drivers were the positive effects resulting from the ongoing NewNORMA transformation.
In the third quarter of 2026, NORMA Group generated a positive net operating cash flow of EUR 10.2 million (Q3 2025: EUR 24.5 million). In the first nine months of 2026, the figure amounted to EUR -2.9 million (Q1–Q3 2025: EUR 59.1 million). The decline is primarily attributable to the absence of cash flow contributions from the Water Management business, which was sold in February 2026 and was still included in the prior-year figure for the entire nine-month period. In addition, one-time effects related to the sale of the water business had a negative impact on net operating cash flow in the first quarter of 2026.
NORMA Group’s business performance in the first nine months of 2026 was generally in line with expectations. The Management Board therefore confirms the forecast for the entire year of 2026 announced 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.