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NORMA Group - Introduces New Dividend Policy From FY2027

By Reuters News

Oct 19 (Reuters) - NORMA GROUP SE NOEJ.DE:

  • NORMA GROUP SE - TARGETS 1-3% CURRENCY-ADJUSTED SALES GROWTH, >10% ADJUSTED EBIT MARGIN, >70% CASH CONVERSION THROUGH 2031

  • NORMA GROUP SE - EXPECTS ADDITIONAL ANNUALIZED EBIT CONTRIBUTION OF EUR 20-30 MILLION BY 2031 FROM FOOTPRINT MEASURES

  • NORMA GROUP SE - EXPECTS TOTAL ADDITIONAL ANNUALIZED EBIT SAVINGS OF EUR 70-90 MILLION BY 2031 VERSUS FY2026

  • NORMA GROUP SE - TARGETS NET DEBT TO ADJUSTED EBITDA RATIO OF UP TO 1.5X

  • NORMA GROUP SE - INTRODUCES NEW DIVIDEND POLICY FROM FY2027 TARGETING ≥10% OF ADJUSTED GROUP NET INCOME, POTENTIAL SHARE BUYBACKS

  • NORMA GROUP SE - CONSOLIDATES CHINA SITES, CONCENTRATES MEXICO PRODUCTION, CLOSES AUSTRALIA CENTER, PLANS SINGAPORE OFFICE CLOSURE

Further company coverage: NOEJ.DE

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