NORMA Group Close What We Do Our Brands Investor Relations Career Who We Are Where We Are Blog English Contact us Investor Relations Financial Figures Forecast Forecast Future development of NORMA Group SE The forecast for the key financial figures and the most important non-financial figures is summarized in the following table. The outlook is based on the assumption that there will be no further significant negative effects in the further course of the COVID-19 pandemic, which could lead to further weakening of the global economy in the remaining months of the fiscal year. Forecast for the fiscal year 2021 Group sales growth Low double-digit organic Group sales growth Group sales growth EJT Strong organic sales growth in the low double-digit range Group sales growth SJT Strong organic sales growth in the low double-digit range Group sales growth EMEA Strong organic sales growth in the low double-digit range Group sales growth Americas Strong organic sales growth in the low double-digit range Group sales growth APAC High single-digit organic sales growth Cost of materials ratio At a comparable level to the previous year Personnel cost ratio Significantly improved personnel cost ratio R&D investment ratio* Around 3% of sales Adjusted EBITA margin Adjusted EBIT margin More than 11% More than 10% NORMA Value Added (NOVA) Between EUR 10 million and EUR 25 million Financial result Up to EUR – 13 million Tax rate Between 27% and 29% Adjusted earnings per share Strong increase in adjusted earnings per share Investment rate (without acquisitions) Investment ratio between 5% and 6% of Group sales Net operating cash flow More than EUR 110 million Dividend/dividend ratio Around 30% to 35% of adjusted Group earnings CO2 emissions** Reduction in CO2 emissions by around 19.5% by 2024 (CAGR: 3.0 %) Number of invention applications More than 20 Number of defective parts (parts per million/PPM) Below 10 * – Due to the increasing strategic relevance of the area of water management, NORMA Group includes R&D expenses in this area in the calculation from the 2020 reporting year onwards and uses total sales as a reference value to determine the R&D ratio (previously 5% of EJT sales). ** – Reference year: 2017. Contact NORMA Group NORMA Group What We Do Water Management eMobility Thermal Management Commercial & Passenger Vehicles Products Our Brands Investor Relations Career Who We Are Where We Are Americas region EMEA region APAC region NORMA Group Webshop Legal Terms & Conditions Data Privacy Policy Imprint UK Modern Slavery Act California Transparency in Supply Chains Statement Change Cookie settings Contact & Support Contact News Press Contact Downloads Blog © 2021 NORMA Group