22. Events after the Balance Sheet Date
NORMA Group successfully issued a promissory note loan in the amount of EUR 100 million on August 1, 2023. This was issued in tranches with a maturity of three, five and seven years and fixed and variable interest components. NORMA Group will use the cash inflows from the transaction for general corporate financing and to repay existing short-term loan liabilities. The non-current loan liabilities will increase accordingly. As of August 8, 2023, there were no further events or developments that would have resulted in a material change in the recognition or measurement of the individual assets and liabilities items as of June 30, 2023.
The interim report was neither audited in accordance with Section 317 of the German Commercial Code (HGB) nor reviewed by the auditor.
To the best of our knowledge, and in accordance with the applicable reporting principles for interim financial reporting, the Interim Consolidated Financial Statements give a true and fair view of the assets, liabilities, financial position and profit or loss of the Group, and the Interim Management Report of the Group includes a fair review of the development and performance of the business and the position of the Group, together with a description of the principal opportunities and risks associated with the expected development of the Group for the remaining months of the fiscal year.
Maintal, August 8, 2023
NORMA Group SE
The Management Board
Chief Executive Officer (CEO)
Dr. Daniel Heymann
Member of the Management Board (COO)
Member of the Management Board (CFO)