NORMA Group SE
ISIN: DE000A1H8BV3
WKN: A1H8BV
25 September 2024 10:10AM

EQS-News: NORMA Group defends patented joining technology against Chinese competitor

NORMA Group SE · ISIN: DE000A1H8BV3 · EQS - Company News
Country: Germany · Primary market: Germany · EQS NID: 1994675

EQS-News: NORMA Group SE / Key word(s): Patent/Legal Matter
NORMA Group defends patented joining technology against Chinese competitor

25.09.2024 / 10:10 CET/CEST
The issuer is solely responsible for the content of this announcement.


NORMA Group defends patented joining technology against Chinese competitor

 

Maintal, Germany, September 25, 2024 – NORMA Group, a market leader in engineered joining technology, has won a patent lawsuit it had filed against a Chinese competitor. The Supreme People’s Court in Beijing ruled at the end of June 2024 that a product from Suzhou Shengnuo Connection Technology Co. Ltd (“Shengnuo”) infringes on a NORMA Group patent for an advanced worm-drive hose clamp. The competitor has been prohibited from manufacturing or selling this clamp. Shengnuo must also pay damages to NORMA Group. The verdict is final.

CEO Guido Grandi: “Our decades of experience and development expertise give us a competitive edge and represent key success factors. We use patents to protect our innovations and safeguard our intellectual property. The outcome of the patent infringement proceedings sought by us secures our current and future business with advanced joining technology.”

NORMA Group’s patented clamp is a worm-drive hose clamp for pre-positioning the clamp on a hose. This PreFix system consists of two prepositioner elements that are used to pre-position the clamp at the exact point on a hose where the connection to a spigot or pipe is to be closed later. This feature is used, for example, when hose systems are stored or transported before final assembly. Prepositioning also makes assembly in engine compartments and other confined spaces much easier. NORMA Group engineers developed the clamp to make assembly as simple, quick and safe as possible. NORMA Group has been offering the clamp under the name TORRO® PreFix System since 2007.

Dr. Gerrit von Breitenbach, Global Head of Technology and Innovation: “Our joining components, which can sometimes be unimposing at first glance, are absolutely crucial for the function of a machine or a vehicle. We deliver added value for our customers with innovative development efforts. In addition to high-quality products, we focus on ease of installation, because fast installation times save both time and money for our customers in the manufacturing industry.”

NORMA Group manufactures the clamp with the PreFix feature in Changzhou, China, for customers in Asia and in Maintal, Germany, for customers in Europe and America. Every year, the company delivers several million of these clamps to various global customers.

A photo of the Torro hose clamp with PreFix system in printable resolution can be found here.

Caption: A TORRO hose clamp with PreFix system: The sheet metal bridge under the screw housing in combination with the clip on the clamp band allow for simple and reliable installation.


More information about the company can be found at www.normagroup.com.
 

Contact

NORMA Group SE

 

Lina Bosbach

Director Group Communications

Email: Lina.Bosbach@normagroup.com

Phone: +49 (0)6181 – 6102 7606

 

Jennifer Oborny

Group Communications Manager

Email: Jennifer.Oborny@normagroup.com 

Phone: +49 (0)6181 – 6102 7604

 

Kim Bösken

Junior Group Communications Manager

Email: Kim.Boesken@normagroup.com  

Phone: +49 (0)1522 482 9418

 

About NORMA Group
NORMA Group is an international market leader in engineered and standardized joining and fluid-handling technology. With around 8,000 employees, NORMA Group supplies customers in over 100 countries with more than 40,000 product solutions. NORMA Group supports its customers and business partners in responding to global challenges such as climate change and the increasing scarcity of resources. NORMA Group’s products help reduce emissions harmful to the climate and use water more efficiently. Its innovative joining solutions are used in water supply, irrigation and drainage systems, vehicles with conventional and alternative drive systems, ships and aircraft, as well as buildings. NORMA Group generated sales of around EUR 1.2 billion in 2023. The company has a global network of 25 production sites and numerous sales offices in Europe, North, Central and South America and the Asia-Pacific region. Its headquarters are located in Maintal near Frankfurt/Main. NORMA Group SE is listed on the Frankfurt Stock Exchange in the regulated market (Prime Standard) and is a member of the SDAX.



25.09.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: NORMA Group SE
Edisonstr. 4
63477 Maintal
Germany
Phone: +49 6181 6102 741
Fax: +49 6181 6102 7641
E-mail: ir@normagroup.com
Internet: www.normagroup.com
ISIN: DE000A1H8BV3
WKN: A1H8BV
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1994675

 
End of News EQS News Service

1994675  25.09.2024 CET/CEST

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The most important financial data at a glance
  2018 2019 2020 2021 2022 2023 2024e
Sales1 1.084,14 1.100,10 952,17 1.091,91 1.243,01 1.222,78 1.265,00
EBITDA1,2 196,97 173,80 99,31 167,59 157,24 154,04 162,00
EBITDA-Margin3 18,17 15,80 10,43 15,35 12,65 12,60 12,81
EBIT1,4 133,50 96,68 20,15 92,07 76,52 76,12 84,00
EBIT-Margin5 12,31 8,79 2,12 8,43 6,16 6,23 6,64
Net Profit (Loss)1 91,79 58,45 5,48 56,07 39,18 27,92 43,00
Net-Margin6 8,47 5,31 0,58 5,14 3,15 2,28 3,40
Cashflow1,7 91,79 137,08 133,54 108,39 76,52 118,91 130,00
Earnings per share8 2,88 1,83 0,18 1,76 1,23 0,87 1,35
Dividend per share8 1,10 0,04 0,70 0,75 0,55 0,45 0,55
Quelle: boersengefluester.de and Company information
Explanation

1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de

Auditor: KPMG

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INVESTOR-INFORMATION
©boersengefluester.de
Norma Group
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
A1H8BV DE000A1H8BV3 SE 464,55 Mio € 08.04.2011 Halten 9F2C4RWJ+8X
* * *
PE 2025e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
9,47 16,90 0,56 7,86 0,68 3,91 0,38
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
0,55 0,45 0,55 3,77%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
13.05.2025 06.05.2025 12.08.2025 05.11.2024 01.04.2025
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
-1,22%
14,58 €
ATH 70,15 €
+7,30% -9,09% -9,05% -8,07% -30,57%

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