Nov 02, 2022 / 01:00PM GMT
Michael Schneider - NORMA Group SE - CEO & Chairman of the Management Board
Ladies and gentlemen, welcome to our analyst call Q3 2022. Overall, we grew in Q3 amid a turbulent market environment. We had sales that increased the net sales by 19.9% to EUR 318.6 million, which reflects an organic growth of 10.3%. We generated an adjusted EBIT in Q3 2022 of EUR 27 million, which increased by 18.3% at a margin of -- EBIT margin of 8.5% versus Q3 2021 of 8.6%.
We had a net operating cash flow in Q3 of minus EUR 3.8 million and an equity ratio of 45.7% which improved slightly versus end of last year. We have net debt of nearly EUR 400 million, EUR 396.6 million. And the leverage at the end of September 2022 at 2.5, based on a solid maturity profile with next larger refinancing in 2026, which we will see later on.
Going to Page 3 of our presentation regarding the top line development, we see that the increase in net sales by 19.9% to EUR 318.6 million in top line. The organic growth of 10.3% in Q3 shows a strong performance, especially in Americas and EMEA. The EJT sales increased to EUR 181
Q3 2022 Norma Group SE Earnings Call Transcript
Mar 06, 2024
Already have an account? Log in
Get the full story
| 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... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent 
4.6 out of 5 
Trustpilot
Trustpilot
Survey
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
Follow Us
Disclaimers