Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Norma Group SE is a German manufacturer and international market leader in engineered joining and fluid-handling technology, specializing in innovative solutions for connecting components such as hose couplings, clamps, and quick connectors. Headquartered in Maintal near Frankfurt, the company serves diverse industries including automotive, aviation, shipping, energy, infrastructure, machinery, pharmaceuticals, agriculture, and white goods, with applications in cooling systems, emission controls, water pipes, and sterile production processes. Norma Group SE offers over 40,000 product solutions under brands like ABA, Breeze, Serflex, and Torca, emphasizing quality, safety, and environmental standards certified to international ISO norms. With approximately 7,200 employees across 18 production sites and sales offices in Europe, the Americas, and Asia-Pacific, it generated EUR 1.2 billion in sales in 2024 at an 8.0% EBIT margin. Listed on the Frankfurt Stock Exchange since 2011 as a SDAX member, Norma Group SE drives innovation through 300 engineers and strategic investments, supporting 10,000 customers in 100 countries with reliable, future-oriented technologies.
The business is unprofitable at the operating level (-9.29% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 6.8% YoY. Margins deteriorated 11.8pp alongside, both lines moving the wrong way.
Free cash flow declined 42% versus the prior year, cash generation momentum has weakened. ROIC dropped from 1.49% to -5.66%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
€809M
▼ -6.8% YoY
Net Income (TTM)
€233M
▼ -652.3% YoY
Op. Margin
-8.93%
▼ -11.8pp YoY
ROIC
-5.66%
▼ -7.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€29M
▼ -42.3% YoY
Op. Cash Flow (TTM)
€70M
▼ -35.1% YoY
Net Debt
€303M
Cash & Equiv.
€87M
3Y CAGR: -12.9%
3Y CAGR: +28.9%
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