Norma Group sales inch down in 2023

Norma Group, a leader in advanced and standardized joining and fluid handling technology, saw just a marginal decrease in sales in 2023. The company finished the year in black.

Norma Group's sales in 2023 amounted to EUR 1,223 million, down just 1.6% from last year. The revenue grew in Europe but declined in the Americas due to weaker demand and in Asia-Pacific due to currency fluctuations. The order book is 7% lower than a year ago at EUR 530 million.

Adjusted EBITDA at EUR 102 million represented a 5% decrease year-on-year. The company finished a year with a profit of EUR 28 million, down 29% compared to 2022. Continue Reading? Please click box below!