NORMA Group recognizes Integrity Stainless as best supplier in the Americas

• Preliminary, unaudited figures put sales for 2024 at around EUR 1.2 billion
• Adjusted operating profit (EBIT) at EUR 92.3 million; adjusted EBIT margin at 8.0 percent
• Strong net operating cash flow at EUR 105.4 million
• Divestment process for the Water Management business initiated

• Donation of EUR 3,000 to organization in Maintal
• Support for social project generates awareness for environmentally-friendly mobility
• Company passes on savings from strong sustainability performance to social organization

• Contract worth around EUR 140 million
• Line systems prevent evaporative emissions from gasoline entering the environment

NORMA Group has won a major contract in the industrial applications business. The company is supplying one of the largest home improvement and hardware retail chains in the US. This home improvement retailer will purchase more than five million BREEZE worm drive hose clamps per year for distribution in its home improvement stores. NORMA Group is thus continuously expanding its market share in the DIY segment in the US. The aim is to strengthen the industrial business and generate further growth.

NORMA Group has won a major order from an industrial customer to supply almost three million dishwashers with custom-made metal TORRO clamps annually starting in the fourth quarter of 2024. The customer is a leading global manufacturer of home appliances. NORMA Group is currently expanding its business with industry applications and aims to generate a larger share of sales in this area in the medium term. 

NORMA Group intends to focus even more strongly on its core business as a market leader for joining technology. The Management Board decided to initiate a divestment process for the global business activities of the strategic business unit Water Management.

• 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.