Warburg raised Norma target to EUR 24.00. Norma stock falls 1.47 percent.

Published on 10/15/2026 at 13:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 adjusted EBIT reached EUR 7.60 million at a 3.60 percent margin. Norma stock costs EUR 14.76 on October 15, 2026 versus the EUR 14.98 Xetra close.

Capital and operating milestones

Warburg Research raised its Norma target to EUR 24.00 on October 1, 2026.
Adjusted EBIT reached EUR 7.60 million at a 3.60 percent margin in the second quarter of 2026.
Norma stock trades at EUR 14.76 at 1:33 p.m. CEST at Lang & Schwarz on October 15, 2026, 1.47 percent below the Xetra close of October 14, 2026.

Extreme Makroaufnahme von Metallgewinde und präzise gefertigten Verbindungsteilen — Norma Group DE000A1H8BV3 gezeigt in extremer Makroaufnahme von präzisem Metallgewinde und Verbindungsteilen, Illustration mit AI erstellt.

Norma stock (ISIN DE000A1H8BV3) was trading at EUR 14.76 at Lang & Schwarz on October 15, 2026, at 1:33 p.m. CEST, down 1.47 percent versus the Xetra close of October 14, 2026 at EUR 14.98. Warburg Research raised its target for Norma from EUR 20.40 to EUR 24.00 and upgraded the shares to Buy on October 1, 2026, as reported by IT Boltwise.

Warburg shifts the valuation case

The analyst cited valuation, capital returns and the effect of the share buyback on book value per share. The target is 62.60 percent above the current Lang & Schwarz price, calculated from EUR 24.00 and EUR 14.76.

The operating counterweight is the automotive market. Norma's Industry Applications business grew 8.40 percent after currency effects in the second quarter of 2026, while the company continued its NewNORMA transformation.

What does the margin mean?

In the second quarter of 2026, adjusted EBIT reached EUR 7.60 million and the adjusted EBIT margin rose to 3.60 percent. NORMA Group reported these figures in its investor-relations materials, which also said that the financial-year 2026 forecast was confirmed, according to NORMA Group.

Three dated milestones

On August 11, 2026, NORMA Group reported the 3.60 percent adjusted EBIT margin and EUR 7.60 million adjusted EBIT for the second quarter. On September 18, 2026, it completed a EUR 208 million public share buyback and acquired 9,306,113 treasury shares. On October 1, 2026, Warburg Research lifted its target from EUR 20.40 to EUR 24.00 and changed its rating from Hold to Buy, according to IT Boltwise.

Key dates ahead

NORMA Group's strategy update is scheduled for October 19, 2026, followed by publication of the third-quarter 2026 interim statement on November 3, 2026, according to NORMA Group. Those dates give investors two near-term checkpoints for the transformation plan and its effect on margins.

Stock stays below its yearly high

The stock's 52-week range is EUR 12.48 to EUR 21.15 as of October 15, 2026. Its market capitalization is EUR 423.3 million, while the confirmed strategy update places execution and capital allocation at the center of the next company communication.

Norma was trading at EUR 14.76 at Lang & Schwarz on October 15, 2026 at 1:33 p.m. CEST, 1.47 percent below the Xetra close of October 14, 2026 at EUR 14.98. The further course of trading is shown by the continuously updated real-time quote of Norma stock.