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NORMA Group SE
Earnings Release • Sep 14, 2021
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Earnings Release
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News Details
Ad-hoc | 14 September 2021 11:30
NORMA Group SE: NORMA Group SE adjusts guidance for adjusted EBIT margin and adjusted EBITA margin
NORMA Group SE / Key word(s): Forecast/Change in Forecast
NORMA Group SE: NORMA Group SE adjusts guidance for adjusted EBIT margin and adjusted EBITA margin
14-Sep-2021 / 11:30 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Maintal, September 14, 2021 – Based on actual figures for the month of August and on the basis of expectations for the remaining months of the fiscal year 2021, NORMA Group SE (ISIN DE 000A1H8BV3 / WKN A1H8BV, „NORMA Group”) adjusts its guidance for the adjusted EBIT margin and adjusted EBITA margin in fiscal year 2021.
The main reason for this is the continuing limited availability of materials, especially steel and plastics, and resulting increase in prices. Based on the current forecast, NORMA Group therefore now expects significantly lower production capacities in relevant industries as well as higher material and freight costs in all regions. Expenses in connection with the Corona pandemic, which lasts longer than expected, also have a negative impact on the cost side.
Considering these factors, the Management Board of NORMA Group SE has carried out a reassessment and is therefore now anticipating an adjusted EBIT margin of more than 10% in fiscal year 2021 (previous forecast: „more than 12%”) and an adjusted EBITA margin of more than 11% (previous forecast: „more than 13%”).
With regard to the development of organic Group sales, the Management Board is maintaining its forecast published on August 4, 2021 in the 2021 half-year report (low double-digit organic Group sales growth).
Contact:
Andreas Trösch
Vice President IR, Communications and Corporate Responsibility
E-mail: [email protected]
Phone: +49 (0)6181 – 6102 741
14-Sep-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | NORMA Group SE |
| Edisonstr. 4 | |
| 63477 Maintal | |
| Germany | |
| Phone: | +49 6181 6102 741 |
| Fax: | +49 6181 6102 7641 |
| E-mail: | [email protected] |
| Internet: | www.normagroup.com |
| ISIN: | DE000A1H8BV3 |
| WKN: | A1H8BV |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1233175 |
| End of Announcement | DGAP News Service |