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30 April 2025

TEST 30.04.2025

Norma Group SE, SAF-Holland SA

Target price

 

Recommendation

 

Buy

20 March 2019

2019 outlook okay, but not a catalyst

Norma Group SE

Target price

 

Recommendation

 

Buy

06 November 2018

FY 18 profitability outlook at risk – Q4 seasonally the weakest in the year

Norma Group SE

Target price

 

Recommendation

 

Buy

26 July 2018

Commodity prices dragging down FY adj. EBITA margin firstly under 17%

Norma Group SE

Target price

 

Recommendation

 

Buy

10 June 2018

Limited upside potential

Norma Group SE

Target price

 

Recommendation

 

Buy

06 May 2018

For FY 2018 stronger organic sales growth expected – TP upped to €70

Norma Group SE

Target price

 

Recommendation

 

Buy

12 April 2018

Initiation: Track record: Sales growth in 19 of 20 years with high margins

Norma Group SE

Target price

 

Recommendation

 

Buy