Aug 04, 2021 / 12:00PM GMT
Michael Schneider - NORMA Group SE - CEO & Chairman of the Management Board
Ladies and gentlemen, welcome to our analyst conference call quarter 2 2021. The overall economy situation, if you look in the daily press is still in a certain crisis mode. We can read of corona, logistics, capacities, shortages of materials, semiconductor, steel, et cetera. In view of all that -- in view of that overall economic situation, we had a very good Q2 2021 as NORMA Group. Sales were up by 47%. So that we reached a sales level of EUR 281.7 million. And this also means that we are only slightly below the pre-crisis level of quarter 2 2019. We generated an adjusted EBITA out of these nearly EUR 282 million or 13.6%, which is EUR 38 million. And in terms of EBIT, we generated an EBIT margin of 12.8%, meaning EUR 36 million of EBIT. We had also a strong cash situation. We generated a strong net operating cash flow, EUR 36.8 million. And we also improved our balance sheet for the -- with an equity ratio of 42.7%. Net debt going to EUR 352 million and leverage of 2.0 instead of 3.4 end of 2020.
We had our Annual
Q2 2021 Norma Group SE Earnings Call Transcript
Mar 06, 2024
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