Explore the latest NORMA Group press releases

• Q3 2024 sales down 7.9 percent to EUR 273.6 million
• Stable development in water management sector cannot compensate for decline in automotive and industrial sectors
• Adjusted operating profit (EBIT) at EUR 20.9 million
• Adjusted EBIT margin at 7.7 percent
• Forecast for full year 2024 confirmed at Group level; more details provided regarding business regions

NORMA Group has recognized three of its suppliers for outstanding quality and first-class delivery performance in 2023 with the “Supplier Recognition Award”. The awarded partners are Ascend Performance Materials LLC (“Ascend”) in China, Norder Band AG (“Norder Band”) in Germany and Olympic Steel (“Olympic”) in the USA.

NORMA Group, a market leader in engineered joining technology, has won a patent lawsuit it had filed against a Chinese competitor. The Supreme People’s Court in Beijing ruled at the end of June 2024 that a product from Suzhou Shengnuo Connection Technology Co. Ltd (“Shengnuo”) infringes on a NORMA Group patent for an advanced worm-drive hose clamp. The competitor has been prohibited from manufacturing or selling this clamp. Shengnuo must also pay damages to NORMA Group. The verdict is final.

NORMA Group employees participated in a range of social and environmental projects as part of NORMA Help Day.  “Several hundred colleagues around the world enthusiastically participate in this event every year. NORMA Help Day is an integral part of our corporate responsibility activities.”

NORMA Group is welcoming ten new apprentices today. Over the course of the next two to three and a half years, the secondary school graduates will undergo training at company headquarters in Maintal to become highly sought-after professionals. The new recruits include three future tool mechanics and two prospective machine and plant operators. Also among the apprentices beginning their apprenticeship is a specialists for warehouse logistics, an industrial clerk and three mechatronics technician.

• Robust profitability: Adjusted operating profit (EBIT) at EUR 26.1 million; adjusted EBIT margin at 8.5 percent
• Difficult market environment: Q2 sales down 5.5 percent from prior-year quarter to EUR 306.3 million
• Strong cash flow: EUR 43.6 million net operating cash flow in Q2 2024
• Business development in the first half of 2024 in line with expectations
• Kerstin Müller-Kirchhofs nominated as new member of the Supervisory Board

• NORMA Group’s products support the thermal management of stationary batteries
• VPP Bi-Cone clamps are flange connections designed for leak-proof performance
• Storage facility to mitigate fluctuating availability of wind energy

NORMA Group has been recognized by General Motors, Paccar and Ashok Leyland for its outstanding supplier performance in 2023. The company was presented with the “Supplier Quality Excellence Award 2023” from General Motors and the "PACCAR Quality Achievement Award" from Paccar. NORMA Group also received the “Platinum Award” by Ashok Leyland.

NORMA Group has been awarded a major contract to equip a new platform for small to medium electric passenger cars with lightweight tubes for the battery thermal management system. The customer’s vehicle platform encompasses several car models and targets to enable efficient city mobility. The contract is worth more than EUR 30 million. Starting in December 2026, NORMA Group will deliver around 1.4 million tubes to the customer per year.

Today, NORMA Group SE held its Annual General Meeting today as an in-person event in Frankfurt/Main. The shareholders approved all items on the agenda by a wide majority. A total of around 79.0 percent of NORMA Group SE’s share capital was represented at the Annual General Meeting, including votes submitted by mail.

• Adjusted operating profit (EBIT) increased by 13.9 percent to EUR 25.7 million
• Adjusted EBIT margin increased by 1.1 percentage points to 8.3 percent
• Sales in the first quarter of 2024 with a slight year-on-year decrease of 2.0 percent to EUR 308.5 million
• Positive impact from Step Up improvement program

• Group sales of EUR 1,222.8 million in 2023; organic growth of 0.7 percent
• Adjusted EBIT at EUR 97.5 million; adjusted EBIT margin at 8.0 percent
• Dividend of EUR 0.45 per share proposed
• Forecast for 2024: Group sales of around EUR 1.2 to 1.3 billion; adjusted EBIT margin of around 8.0 to 8.5 percent

• Accident rate lowered significantly to 4.2 accidents per 1,000 employees
• Occupational safety management ensures favorable rating in independent sustainability ranking, among other positive effects
• NORMA Group ranks among the top five percent of machinery companies

• NORMA Group supports the transformation of the automotive industry with innovative and lightweight thermal management solutions
• NORMA Group to equip around 700,000 vehicles until 2030
• The customer’s electric SUV product portfolio answers to the growing demand for robust electric passenger vehicles in India

• Preliminary, unaudited figures put sales at around EUR 1.2 billion in 2023
• Adjusted operating profit (EBIT) at EUR 97.5 million; adjusted EBIT margin at 8.0 percent
• Efficiency measures deliver stable profitability
• Earnings, margin and cash flow in the fourth quarter significantly better than in the previous year

• Teco offers irrigation solutions for gardening, landscaping and agriculture
• Acquisition is part of the global expansion of the water business

• At EUR 297.1 million, Q3 2023 sales 6.7 percent lower than the prior-year quarter
• Adjusted operating profit (EBIT) at EUR 24.8 million; adjusted EBIT margin at 8.3 percent
• Strikes in the USA and flat development in Europe impact income performance
• Additional market opportunities and greater efficiency through improvement program “Step Up”

• Metal clamps and hose connectors for fuel cell drive systems
• More than 170,000 trucks are to be equipped by 2027

• Sebastian Lehmann to assume role as Vice President Investor Relations and Corporate Social Responsibility from 2024
• Predecessor Andreas Trösch will leave the company at the end of the year

NORMA Group received a Supply Chain Performance Achievement certificate in 2022, following the award for 2021. At the same time, NORMA Group was also maintaining its Boeing Premier Bidder Status – which opens up further business opportunities with Boeing.

NORMA Group helped out on a range of social and ecological projects as part of a voluntary work assignment at the NORMA Help Day. For one day, employees at the sites around the world volunteered their time to lend a hand in the neighborhood.

NORMA Group welcomes today, at the start of the training year, thirteen apprentices and one dual student. Over the course of the next two to three and a half years, the secondary school graduates will be trained to become in-demand specialists at the company’s headquarters in Maintal. The thirteen apprentices include four machine and plant operators and three future specialists for warehouse logistics. Two apprentices are training to become industrial clerks. Also starting their apprenticeships are two mechatronics technician, one process mechanic and one tool mechanic. One of the young adults will also complete the dual course of study in mechanical engineering culminating in a Bachelor of Engineering degree.

NORMA Group SE has concluded its financing with a platform-based promissory note with sustainability components. Total volume of the financing is €120 million. As in previous transactions, the company is working to consistently implement its sustainability strategy.

• Q2 2023 sales up 1.9 percent from prior-year quarter to EUR 324.0 million
• Adjusted operating profit (EBIT) increases to EUR 27.1 million
• Adjusted EBIT margin at 8.4 percent
• Forecast for full year 2023 confirmed

NORMA Group is supporting FaSTDa Racing, the student racing team at Hochschule Darmstadt, University of Applied Sciences, by providing a cooling system for their electric racing car. Development engineers and employees from NORMA Group’s prototype construction department helped the students select components and fit the line system. NORMA Group made its workshop facilities in the prototype construction department available so that the team could install the cooling system.

• EUR 0.55 dividend resolved
• Two new Supervisory Board members elected
• Mark Wilhelms new Chairman of the Supervisory Board

• Q1 2023 sales up 3.5 percent from prior-year quarter to EUR 315.0 million
• Adjusted operating profit (EBIT) at EUR 22.6 million
• Adjusted EBIT margin at 7.2 percent
• Forecast for full year 2023 confirmed
• Program “Step Up” initiated for profitable growth and operational efficiency

NORMA Group expands its production capacities for water management solutions. Its US subsidiary NDS, a specialist for irrigation and stormwater management, has opened a new plant on May 4. The site is located in Lithia Springs, Georgia, near Atlanta. At the new plant, NORMA Group manufactures access boxes for irrigation systems and stormwater products.

NORMA Group welcomed a group of school children at its plant in Maintal today. As part of the Germany-wide Girls’ and Boys’-Day, seven girls and three boys had a chance to learn all about the many apprenticeships and dual courses of study offered by NORMA Group at its Maintal site.

Effective June 1, 2023, Guido Grandi (51) will become CEO of NORMA Group. The Supervisory Board of NORMA Group today appointed him as the future Chairman of the Management Board. Currently, Miguel Ángel López Borrego (58) is acting as interim CEO. As from June 1, 2023, he will resume his position as a member of the Supervisory Board of NORMA Group.

• Sales growth of 13.8% to EUR 1,243 million
• Adjusted EBIT margin at 8.0 percent
• Dividend of EUR 0.55 per share proposed
• CO2 emissions reduced by 88.8 percent thanks to purchase of electricity from renewable sources
• Forecast 2023: medium single-digit organic sales growth; adjusted EBIT margin around 8 percent

NORMA Group has attracted Dr. Daniel Heymann (40) as new member of the Management Board responsible for the operating business. The Supervisory Board of NORMA Group SE appointed him Chief Operating Officer (COO) with effect from May 1, 2023. Heymann succeeds Dr. Friedrich Klein (60), who will step down from the Management Board on April 30, 2023. The Supervisory Board and Dr. Friedrich Klein have mutually agreed that, in accordance with his own wishes, Dr. Klein will step down from his position on the Management Board and as COO early.

• According to preliminary figures, sales up 13.8 percent to EUR 1.2 billion
• Preliminary adjusted EBIT margin at 8.0 percent
• Net operating cash flow at EUR 65.3 million according to unaudited figures
• Good fourth quarter signals stabilization at the end of a challenging year

• Supervisory Board member Miguel Ángel López Borrego to assume the role of CEO from January 1, 2023, for a maximum of twelve months
• Current CEO Dr. Michael Schneider to step down from the Management Board at the end of the year as previously announced
• The search for a long-term appointment to the position of CEO proceeding according to plan

• NORMA Group will equip several BEV premium models with connectors for cooling water lines
• Order volume around EUR 34.6 million
• Investments in the Maintal production site

NORMA Group has been recognized by PACCAR for its outstanding supplier performance in the area of commercial vehicles. The NORMA Group plant in Pilica, Poland, was presented with the “PACCAR Quality Achievement Award” for its outstanding product and service performance in 2021.

Employees of NORMA Group in Maintal made an active contribution at this year’s NORMA Help Day and helped refurbish the youth center in the Dörnigheim district.

NORMA Group today welcomes ten new apprentices and three dual study program participants at company headquarters in Maintal. 

NORMA Group has been recognized by Boeing for its outstanding supplier performance in 2021. The company received a 2021 Supply Performance Achievement Certificate and also earned a spot in the Boeing Premier Bidder Program.

• Sales up 12.9 percent over prior-year quarter to EUR 317.9 million
• Growth mainly due to currency effects as well as positive cost pass-through effects
• Strong business with water management products in America and Asia-Pacific
• Increasing material prices negatively impact earnings and margin
• Operating profit at EUR 22.3 million, EBIT margin at 7.0 percent
• Measures for improvement initiated with focus on Europe

NORMA Group has put a fifth plant into operation in China. The site is located in Guangzhou in the Guangdong province in southern China, strategically positioned near Guangzhou Automobile Group (GAC) and other Original Equipment Manufacturers (OEMs) of electric vehicles. At the new plant, NORMA Group manufactures and assembles thermal management systems for battery-electric vehicles (BEV) and plug-in hybrid cars (PHEV).

NORMA Group has secured two major orders from leading automotive manufacturers in China with a total value of around EUR 5,6 million. The company will supply thermal management systems for electric passenger vehicles. By 2029, around 350,000 electric cars for the Chinese market will be equipped with systems from NORMA Group in the scope of the contracts.

NORMA Group is equipping the gardens of a new residential development in Istanbul with an extremely durable and efficient irrigation system. The NORMA PC drip irrigation system uses up to 70 percent less water than the more conventional water-intensive solutions currently available on the market, resulting in efficient and resource-friendly irrigation.

NORMA Group has presented Suzhou Yugoo Fasten System Co.,Ltd. (Suzhou Yugoo) with its “Supplier Recognition Award”. With this award, NORMA Group recognizes the supplier for their outstanding performance in the areas of delivery time, service and quality in 2021.

NORMA Group held its Annual General Meeting today. A substantial majority of the Annual General Meeting voted in favor of the distribution of a dividend of 75 cents per share, in line with the proposal of NORMA Group's Supervisory Board and Management Board. This corresponds to a distribution volume of about EUR 23.9 million.

NORMA Group has launched a sales partnership with Kanok Products Co., Ltd. ("Kanok"), a Thai company specializing in agricultural irrigation systems. Kanok has been supplying customers in Thailand with compression fittings for agricultural applications on behalf of NORMA Group since March 2022. The cooperation strengthens NORMA Group’s water management business in the Asia-Pacific region.

NORMA Group has developed a new digital water timer. The Raindrip brand digital water timer helps automatic irrigation systems save water when used instead of manual watering. Especially in combination with a drip irrigation system, it can save up to 70 percent of water consumption compared to conventional irrigation systems.

• Sales up 6.3 percent to EUR 304.4 million in the first quarter of 2022
• Adjusted EBIT at EUR 30.3 million
• Adjusted EBIT margin at 10.0 percent
• Forecast for full year 2022 confirmed

Today, NORMA Group welcomed a group of adolescents at its plant in Maintal. As part of the Germany-wide Girls' and Boys'-Day, six girls and four boys learned all about the diverse range of apprenticeships and dual courses of study offered by NORMA Group at its Maintal site.

NORMA Group is cutting its 2022 CO₂ emissions by roughly 80 percent as compared with the prior year. With the switch to green electricity at a number of locations throughout the world, NORMA Group is reducing its CO₂ emissions from around 44,000 tons in 2021 to an expected level of less than 10,000 tons in 2022. Production and sales sites have been gradually switching to green electricity over the past few years. Since January 2022, all sites worldwide have been sourcing electricity from renewable sources.

• 2021 sales up 14.7 percent to EUR 1,091.9 million
• Adjusted EBIT margin at 10.4 percent
• Forecast for 2022: organic sales growth in the mid to high single-digit range
• Dividend of EUR 0.75 per share proposed

NORMA Group has developed a new compression fitting for the European market for use in drinking water applications. The NORMA MARLIN PN16 compression fitting (NORMA MARLIN) meets the strict requirements of EU member states for drinking water applications and can therefore be used in numerous areas, including drinking water installations, irrigation and sanitary systems as well as other industrial applications.

• According to preliminary figures, sales were up 14.7 percent to EUR 1,091.9 million
• Significant business recovery from previous year, which was impacted by the pandemic
• Preliminary adjusted EBIT margin at 10.4 percent
• Global supply chain bottlenecks hampered recovery in final quarter
• Ongoing “Get on track” change program delivers savings of EUR 27.4 million

NORMA Group enables its employees at the Maintal and Marsberg locations to lease bicycles through their employer at special conditions. Employees can do something for their health, support emission-free mobility and save money at the same time.