NORMA Group has reported improved financial results for Q1 2026, with adjusted EBIT increasing significantly.
The company’s adjusted EBIT for Q1 2026 amounted to €6.3 million, compared with -€0.2 million in the same period last year. The adjusted EBIT margin improved to 3%, up from -0.1% in Q1 2025.
However, Group sales revenue declined to €208.6 million from €221.2 million in Q1 2025. The company stated that, alongside generally weak demand, negative currency effects of 4.4% particularly impacted sales performance. Adjusted for these effects, sales fell by 1.3%.
In the Mobility & New Energy business unit, sales decreased to €142.3 million (Q1 2025: €154.5 million) due to continued weak demand from the automotive industry, lower production volumes and programme-related changes at individual customers, particularly linked to adjustments in platforms and project schedules, as well as reduced orders from existing programmes. Adjusted for currency effects, sales declined by 3.9%.
Meanwhile, the Industry Applications business unit delivered robust growth despite the weak market environment. Sales totalled €66.3 million, compared with €66.7 million in Q1 2025. Adjusted for negative currency effects, the business unit achieved organic growth of 4.9%, driven by all regions and particularly strong demand in the US and China.
“The start of 2026 was challenging, as expected. While our Mobility & New Energy business remained burdened by weak demand, Industry Applications delivered organic growth,” said Birgit Seeger, CEO of NORMA Group. “At the same time, we made progress with the implementation of our strategic measures, particularly in sales and in improving our cost structures. As a result of these efforts, we significantly improved our profitability in the first quarter.”
Regionally, EMEA sales amounted to €114.1 million, down 2.9% year-on-year, primarily due to persistently weak demand from the European automotive industry. Prices increased slightly in both business units compared with the same quarter last year, while currency effects had a negative impact of 0.8%.
In the Americas region, sales totalled €65.0 million, down 10.9% from the prior year. This was mainly due to negative currency effects of 9.4% and lower sales volumes, particularly in the Mobility & New Energy division. Positive pricing effects in both divisions were unable to offset the decline.
In Asia-Pacific, sales amounted to €29.5 million, down 3.8%. The region recorded positive organic growth in both business units, although this was offset by negative currency effects of 6.2%.
Looking ahead, the company maintained its forecast for the 2026 financial year and continues to expect sales growth of around 0% to 2% and an adjusted EBIT margin of around 2% to 4%. Net operating cash flow is forecast to range between approximately €10 million and €20 million.
