NORMA Group reported sales declined 21.2% to EUR 445 million (US$528.5 million) in the first half of 2020. Adjusted EBITA fell 94.3% to EUR 4.6 million and the margin was 1%.

“The first six months of the current year were dominated by the developments of the corona pandemic,” said Dr. Michael Schneider, CEO of NORMA Group.  “Like many other companies, we too had to partially shut down or interrupt our production.  We are now gradually returning to a new working routine.”

Sales declined noticeably in all three regions EMEA (Europe, Middle East and Africa), Americas and Asia-Pacific.  Only the U.S. subsidiary NDS, which specializes in water management, made a positive contribution to sales by recording first-half organic sales growth of 4.4%.  Web: NORMAGroup.com