Q2 2025 Norma Group SE Earnings Call Transcript
Key Points
- Adjusted EBIT margin improved significantly to 8.1% in Q2 2025 from 3.6% in Q1 2025.
- Net operating cash flow was positive at EUR31.6 million.
- Equity ratio reached 47.9% at the end of June 2025.
- NORMA Group SE is on track to meet its CO2 emissions saving targets for the year.
- Sales in Industry Applications increased by 7.5% in Q2 2025.
- Net sales decreased by 5.2% in Q2 2025 compared to the same period last year.
- Negative currency effects, primarily due to a softer US dollar, led to a 3% decline in sales.
- Sales in the APAC region fell by 10.2% in Q2 2025 compared to the previous year.
- Mobility & New Energy sales were 11.8% below the level of the same quarter of the previous year.
- The equity ratio decreased by 230 basis points due to foreign exchange translation effects.
Yes. Good morning, good afternoon to everyone. Welcome to our conference call regarding the Q2 2025 results of NORMA Group. I'm Mark Wilhelms, Annette Stieve, our CFO, and I will guide you through the following slides. We'll answer your questions after the presentation as we always do.
Now let's move into the discussion of the Q2 results and proceed with the first slide. The macroeconomic environment in Q2 has not really changed compared to Q1 when we reported sales of EUR284.5 million. Moreover, headwinds from currency exchange, softer US dollar rates put an additional pressure on our top line. As a result, our net sales totaled EUR290.4 million in the second quarter of this year 2025.
Adjusted EBIT amounted to EUR23.4 million in the second quarter of 2025. The adjusted EBIT margin remained relatively stable at 8.1%, a number we had delivered, for example, in 2024 or 2023 full year, and it improved significantly quarter-over-quarter. You might remember that in Q1 of this year, we reported an adjusted EBIT margin of 3.6%.
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