- Q1 2024 Norma Group SE Earnings Call TranscriptMay 07, 2024$13.31Earnings
- Q3 2023 Norma Group SE Earnings Call TranscriptNov 07, 2023$13.31Earnings
- Q2 2023 Norma Group SE Earnings Call TranscriptAug 08, 2023$13.31Earnings
- Q1 2023 Norma Group SE Earnings Call TranscriptMay 09, 2023$13.31Earnings
- Q4 2022 Norma Group SE Earnings Call TranscriptMar 28, 2023$13.31Earnings
- Q3 2022 Norma Group SE Earnings Call TranscriptNov 02, 2022$13.31Earnings
- Q2 2022 Norma Group SE Earnings Call TranscriptAug 10, 2022$26.5Earnings
- Q1 2022 Norma Group SE Earnings Call TranscriptMay 04, 2022$26.5Earnings
- Q4 2021 Norma Group SE Earnings Call TranscriptMar 23, 2022$38.1Earnings
- Q3 2021 Norma Group SE Earnings Call TranscriptNov 03, 2021$52.9Earnings
- Q2 2021 Norma Group SE Earnings Call TranscriptAug 04, 2021$52.9Earnings
- Q1 2021 Norma Group SE Earnings Call TranscriptMay 05, 2021$36.9Earnings
- Full Year 2020 Norma Group SE Earnings Call TranscriptMar 24, 2021$36.9Earnings
- Q3 2020 Norma Group SE Earnings Call TranscriptNov 04, 2020$29.05Earnings
- Q2 2020 Norma Group SE Earnings Call TranscriptAug 05, 2020$29.05Earnings
- Q1 2020 Norma Group SE Earnings Call TranscriptMay 06, 2020$18.45Earnings
- Q3 2019 Norma Group SE Earnings Call TranscriptNov 06, 2019$42.6Earnings
- Q2 2019 Norma Group SE Earnings Call TranscriptAug 06, 2019$42.6Earnings
- Q1 2019 Norma Group SE Earnings Call TranscriptMay 08, 2019$80.8Earnings
- Full Year 2018 Norma Group SE Earnings Call TranscriptMar 20, 2019$80.8Earnings
Q3 2023 Norma Group SE Earnings Call Transcript
Hello, everybody. My name is Guido Grandi, CEO of NORMA Group. In the following minutes, I will take you through some high-level information concerning our quarter 3 results before I hand over to my colleague, Ms. Annette Stieve, our CFO.
Starting on the second page of our presentation. We saw a decrease of net sales of 6.7%, leading to sales of EUR 297.1 million in the third quarter. This represents an organic decline of 1.5%, resulting in an adjusted EBIT of EUR 24.8 million, which relates to a good adjusted EBIT margin of 8.3% given the challenging environment. Based on this performance, we saw a net operating cash flow of EUR 38.6 million. With that, our balance sheet improved to an equity ratio of 46.1%. Our net debt stands at EUR 400.6 million. In the meantime, our improvement program Step Up continued successfully. We now have more than 300 initiatives set up and 20 of them were already completed, which helped us to perform well in a tough market environment.
Let's take a look at our third slide and talk a
Access to All Earning Calls and Stock Analysis | |
30-Year Financial on one screen | |
All-in-one Stock Screener with unlimited filters | |
Customizable Stock Dashboard | |
Real Time Insider Trading Transactions | |
8,000+ Institutional investors’ 13F holdings | |
Powerful Excel Add-in and Google sheets Add-on | |
All data downloadable | |
Quick customer support | |
And much more... |
![](https://static.gurufocus.com/material/money-back-guarantee.png)
![](https://static.gurufocus.com/trust_rating.png)
![](https://static.gurufocus.com/trust.png)