Q1 2024 Norma Group SE Earnings Call Transcript
Thank you very much, [Maria]. Welcome to our conference call regarding NORMA Group's Quarter 1 2024 Results, and thank you for joining us today. I am Guido Grandi, and together with my colleague, Annette Stieve, we will guide you through the following slides. We will answer your questions after the presentation.
Let us start with some key figures. Our net sales totaled to EUR 308.5 million, a slight decrease against the previous year. Nevertheless, we were able to significantly lift our adjusted EBIT to EUR 25.7 million. The margin is up by 110 basis points to 8.3%. Also, our net operating cash flow shows a strong increase by more than EUR 42 million to a total of minus EUR 2.3 million. As for our CO2 emissions, we can report a decrease of 11.2% against last year's quarter 1 results.
Looking at the bottom line, both the adjusted and the reported earnings per share slightly increased compared to last year. Coming to the balance sheet, our equity ratio further improved and reached 47% at the end of March. The net
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