Principles of the Group
A detailed overview of NORMA Group SE’s business activities, objectives and strategy is provided in the 4 2022 ANNUAL REPORT. The statements contained therein remain valid. There were no significant strategic changes in the first half of 2023. One change under company law was implemented. This related to the merger of a company in Sweden, which changed the scope of consolidation compared to December 31, 2022. CONDENSED NOTES
The development of the key financial performance indicators for the management of the Group in the first half of 2023 is shown in the following table.
|
Financial Control Parameters |
T007 |
||
|---|---|---|---|
|
H1 2023 |
H1 2022 |
||
|
Group sales |
EUR million |
639.0 |
622.3 |
|
Adjusted EBIT 1 |
EUR million |
49.7 |
52.7 |
|
Adjusted EBIT margin 1 |
% |
7.8 |
8.5 |
|
Net operating cash flow |
EUR million |
-12.9 |
9.8 |
|
NORMA Value Added |
EUR million |
-15.5 |
4.2 |
|
1_Adjusted only for acquisition-related costs. |
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Since fiscal year 2023, only the CO2 emissions that have also been a target figure within Management Board remuneration for determining part of the long-term Management Board remuneration (ESG-LTI) since 2020 have been considered a key non-financial performance indicator.
|
Non-Financial Control Parameter 1 |
T008 |
||
|---|---|---|---|
|
H1 2023 |
H1 2022 |
||
|
CO2 emissions 2 |
t CO2e |
2.572 |
2.783 |
|
1_Until the end of 2022, the non-financial control parameters were defined as follows: CO2 emissions, invention applications and defective parts per million (PPM). 2_Greenhouse gas emissions of all production sites resulting from gas consumption (Scope 1) and the purchase of electricity and district heating (Scope 2). Since 2020, CO2 emissions have been a target figure for determining part of the long-term remuneration of the Management Board; CO2 emissions excluding Energy Attribute Certificates (EAC) amounted to approximately 22,545 t CO2e in H1 2023 (H1 2022: 23,466 t CO2e). |
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