NORMA Group is exposed to a wide range of risks and opportunities that can have a positive or negative short-term or long-term impact on its asset, financial and earnings position. NORMA Group SE’s risk and opportunity management is therefore an integral part of the company’s management – at both the Group management level and at the level of the individual companies and functional areas. Due to the fact that all corporate activities are associated with opportunities and risks, NORMA Group considers identifying, assessing and managing opportunities and risks to be a fundamental component of executing its strategy, securing the short- and long-term success of the company and sustainably increasing shareholder value. In order to achieve this over the long-term, NORMA Group encourages its employees in all areas of the company to remain conscious of risks and opportunities. A detailed description of the current assessments of the opportunities and risks of NORMA Group can be found in the 2022 Annual Report. 2022 ANNUAL REPORT