NORMA Group SE (NOEJF) Q4 2025 Earnings Call Transcript

SA Transcripts159.2K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call NORMA Group SE (NOEJF) Q4 2025 Earnings Call March 31, 2026 8:00 AM EDT Company Participants Birgit Seeger - CEO & Chairman of Management BoardOkan Celiker Conference Call Participants Nikita Lal - Deutsche Bank AG, Research DivisionAndres Gujan - Carnot Capital AG Presentation Birgit SeegerCEO & Chairman of Management Board Very warm welcome to all of you. Good afternoon, good morning to this year's earnings call 2025 for NORMA Group. With me today, I have Okan Celiker, our acting Group CFO. Very warm welcome to you, Okan. It's Okan's second day. So I'm convinced Okan will present the financials in a very good manner and will ask your -- and answer your questions. Please be patient with Okan. So today, we will include basically 3 points. We will review our results 2025. We will provide the outlook for 2026. And we will, number three, give a sneak preview for our strategy for the new NORMA Group. So on the next page, you see our usual disclaimer. One important thing to note is that we have continuing and discontinued operations due to our divestment of the Water business, and we have marked this clearly as former NORMA or new NORMA in the presentation going ahead. So we will see here a summary of our achievements in 2025. So basically, we see the closing of the water management, the divestment on the top right corner, which really marks a milestone for us at NORMA Group, where we achieved EUR 650 million of net proceeds, and this is a great enabler to build new NORMA. We will propose a dividend of EUR 0.14 per share at the next AGM this year. Also, we delivered on our guidance. However, it was a very tough and challenging year for new Norma, what we will review shortly. We have conducted this public share buyback. You are aware, and