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    NOEJ   DE000A1H8BV3

NORMA GROUP SE

(NOEJ)
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Delayed Quote. Delayed Xetra - 01/21 11:35:05 am
34.76 EUR   -1.81%
01/20NORMA GROUP : Baader Bank reiterates its Buy rating
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01/19NORMA GROUP : Gets a Neutral rating from Deutsche Bank
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01/12NORMA GROUP : Deutsche Bank sticks Neutral
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NORMA : starts production cooperation with Italian water management company ╗

11/23/2021 | 02:29am EST
NORMA Group starts production cooperation with Italian water management company Maintal, Germany/Sant' Angelo in Vado, Italy, November 23, 2021 - NORMA Group has entered into a strategic partnership with SAB S.p.A ("SAB"), an Italian specialist in joining technology for drinking water, irrigation and drainage. From November 2021, SAB will produce high-quality NORMA PN 16 compression fittings certified for drinking water applications for NORMA Group. Further products are to follow. In addition, the agreement reached stipulates that NORMA Group and SAB will jointly develop new products. With this cooperation, NORMA Group is strengthening its water management business in Europe and, in particular, further expanding its position in the field of drinking water applications.

"SAB has a proven record of outstanding product expertise," says Dr. Michael Schneider, CEO of NORMA Group. "With this cooperation, we gain additional production resources and can serve our customers in Europe better and faster with water management solutions. Efficient use of the scarce resource of water is becoming increasingly important, which is why we are consistently expanding our water management business in all regions."

NORMA Group generated around 23 percent of group turnover in 2020 in the field of water management. Business is particularly strong in the USA, Malaysia and India, where NORMA Group each has its own plants for water management products. In Europe, the business is to be further expanded in the coming years. Thanks to the cooperation with SAB, NORMA Group will in future offer products in Europe that meet the high EU requirements for drinking water applications, thus opening up new market potential. NORMA Group's European customers benefit from short transport routes and optimized delivery times, as the products are manufactured directly in Europe.

"The cooperation allows us to make optimal use of our know-how in the production of certified irrigation and drainage solutions for the advantage of both companies," says Renato Mancini Cilla, General Manager of SAB. "We are looking forward to working with NORMA Group."

SAB, based in Sant' Angelo in Vado in Italy, specializes in the production of water management solutions by extrusion and thermoforming. The company's product portfolio includes irrigation pipes, compression fittings, valves and drainage channels. SAB is part of the System Group, headquartered in Lunano (PU), Italy.

Disclaimer

Norma Group SE published this content on 23 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 November 2021 07:28:10 UTC.


ę Publicnow 2021
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Sales 2021 1 082 M 1 227 M 1 227 M
Net income 2021 61,2 M 69,4 M 69,4 M
Net Debt 2021 306 M 347 M 347 M
P/E ratio 2021 18,2x
Yield 2021 2,25%
Capitalization 1 108 M 1 256 M 1 256 M
EV / Sales 2021 1,31x
EV / Sales 2022 1,18x
Nbr of Employees 6 484
Free-Float 100%
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Mean consensus OUTPERFORM
Number of Analysts 11
Last Close Price 34,76 €
Average target price 40,45 €
Spread / Average Target 16,4%
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Managers and Directors
Michael Schneider Chief Executive Officer
Annette Stieve Chief Financial Officer
GŘnter Hauptmann Chairman-Supervisory Board
Friedrich Klein Chief Operating Officer
Gisa Ortwein Group Compliance Officer
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