Significant Events in the First Half of 2025

 

Status of the Water Management Business Sale Process

The sale process for the Water Management business is proceeding according to plan.

 

Birgit Seeger appointed as CEO of NORMA Group SE

On August 4, 2025, the Supervisory Board of NORMA Group SE appointed Birgit Seeger as new CEO of NORMA Group for a term of 3 years. Mrs Seeger shall take over her office with effect from November 1, 2025. Mark Wilhelms, who is currently acting as interim CEO of the NORMA Group will resign from his position as a member of the Management Board at the end of October 31, 2025 and return to the Supervisory Board, effective November 1, 2025.

Birgit Seeger has many years of management experience with positions in industrial companies and management consultancies. Currently, she is Senior Vice President of the Comfort Actuators business unit of Robert Bosch GmbH and thus responsible for the global business with electric drives for seats, sunroofs and window lifters in vehicles. She is also a member of the Board of Directors of Konecranes Oyj, a manufacturer of cranes and lifting equipment listed on the Finnish stock exchange Nasdaq Helsinki. Previous positions include international consulting firms and various management positions in the automotive supply industry. She started her career as a project manager at Robert Bosch GmbH after graduating from University of Tübingen with a degree in business administration.

 

Annual General Meeting of NORMA Group SE approves 40 cent dividend; Dr. Erek Speckert new member of the Supervisory Board

The Annual General Meeting of NORMA Group SE took place in person in Frankfurt am Main on May 13, 2025. The shareholders represented approved the management’s proposal to distribute a dividend of 40 cents per share for the 2024 fiscal year by 99.9%. The total distribution amount thus amounted to around EUR 12.7 million, resulting in a payout ratio of 31.2% of adjusted consolidated net profit in the 2024 fiscal year. NORMA Group’s dividend strategy generally provides for a payout ratio of around 30% to 35% of adjusted consolidated net profit. Moreover, the Annual General Meeting elected Dr. Erek Speckert and Kerstin Müller-Kirchhofs to the Supervisory Board by a large majority. The shareholders also approved all other agenda items with large majorities. Further information on the points explained here, as well as all voting results of the 2025 Annual General Meeting, can be found in the Investor Relations section of the NORMA Group website. ANNUAL GENERAL MEETING 2025

 

NORMA Group confirms Daniel Heymann as Chief Operating Officer for another three years

NORMA Group has extended its contract with Dr. Daniel Heymann as Chief Operating Officer (COO) of the company for another three years. The Supervisory Board of NORMA Group and Dr. Daniel Heymann have mutually agreed to extend the existing contract, which expires in May 2026, by three years until May 2029.

 

NORMA Group equips Uk-based Northern Gas Networks with electrofusion fittings

In the first quarter of 2025, NORMA Group received an order from the infrastructure provider Northern Gas Networks to assist in the modernization of its gas network. This involves replacing older metal pipes with new, more durable plastic pipes. NORMA Group’s Indian subsidiary Kimplas Piping Systems Private Ltd (“Kimplas”) has been supplying electrofusion fittings to this long-standing customer since February 2025. The joining elements are used at the house connections and link the main gas network to the supply lines of the individual buildings. They are installed in a pipeline network more than 36,000 kilometers long, to which around 2.9 million households and companies are connected. The contract has a term of four years. By the beginning of 2029, more than 280,000 connectors will be delivered to customers every year.

 

Global transformation into a focused "Industrial Powerhouse" underway

With the publication of its interim statement for the first quarter of 2025 on May 6, 2025, NORMA Group announced that the Management, with the cooperation of all functions, is conducting comprehensive analysis to identify significant optimization potential and make the organization as efficient as possible worldwide. This includes reviewing organizational structures and eliminating unnecessary costs. This should ensure the Group’s competitiveness in the future and thus enable it to return to a successful long-term growth path.

The vision is for NORMA Group to position itself as an "Industrial Powerhouse" – as a focused supplier of joining technology with target customers in the Industry Applications and Mobility & New Energy business areas. It differentiates itself from its competitors as a provider of innovative, engineered solutions. This includes the consistent expansion of the Industry Applications business – both organically and through acquisitions. To this end, NORMA Group is investing in innovation and utilizes opportunities offered by the market. At the same time, it is looking to leverage existing strengths in the Mobility & New Energy segment in order to achieve profitable margins. There are considerable synergies between the two business units of Industry Applications and Mobility & New Energy, which can be utilized even better in the new setup. As a result, NORMA Group is expected to achieve a double-digit adjusted EBIT margin in the medium term.

Against this backdrop, NORMA Group has been working on a comprehensive, globally oriented transformation since 2025. This is intended to enable the Group to achieve its stated target vision.

The intended measures for this can essentially be divided into the following three blocks:

•More efficient organization

•Operational cost savings

•Optimization of global location landscape

The implementation and realization of the planned measures from the transformation plan is expected to result in cumulative total costs of around EUR XX million to around EUR XX million by 2028.

In contrast, the measures from 202X onwards are expected to lead to cost savings that will increase to around EUR XX million to around EUR XX million per year by 202X.

The transformation plan therefore includes measures that go beyond the Step Up program introduced in summer 2023. As part of the global transformation, Step Up will therefore continue as an ongoing improvement program. Examples of Step Up measures implemented in the first half of 2025 can be found in the INVESTOR-RELATIONS-PRESENTATION. There you will also find further information on NORMA Group’s global transformation.