Risk and Opportunity Profile of NORMA Group

As part of the preparation and monitoring of the risk and opportunity profile, NORMA Group assesses risks and opportunities based on their financial impact and probability of occurrence. The financial impact of opportunities and risks is assessed on the basis of the effect on the Group’s earnings and liquidity. The following four categories are used to determine the potential maximum average annual impact in the period under review of the risk management system:

•Low: up to EUR 5 million effect on earnings or liquidity

•Moderate: more than EUR 5 million and up to EUR 15 million effect on earnings and or liquidity

•Significant: more than EUR 15 million and up to EUR 30 million effect on earnings or liquidity

•High: more than EUR 30 million effect on earnings or liquidity

The interval used sets the financial impact of a risk or opportunity in relation to the EBIT of the Group or a segment if the respective risk or opportunity relates solely to a specific segment. The assessment of opportunities and risks whose financial impact has an effect on line items in the Consolidated Statement of Comprehensive Income below EBIT is also performed in relation to EBIT. The presented impact always reflects the effects of countermeasures initiated. The probability of individual risks and opportunities occurring is quantified based on the following four categories:

•Very unlikely: up to 5% probability of occurrence

•Unlikely: more than 5% and up to 25% probability of occurrence

•Possible: more than 25% and up to 50% probability of occurrence

•Probable: more than 50% probability of occurrence

Compared with the risk and opportunity assessment published in the Annual Report 2025, there have been no material changes, particularly in the overall assessment of the risk and opportunity profile. From the perspective of NORMA Group, the following issues and developments in particular have a potential impact on business operations:

NORMA Group is successively driving forward the global transformation program. Successful implementation of the relevant measures is an important driver of future business success. SIGNIFICANT EVENTS, FORECAST REPORT Overall, corporate strategic risks continue to be assessed as “possible” and the potential financial impacts continue to be assessed as “moderate,” particularly due to the focused implementation of the transformation program.