Added to YB: 2026-02-12
Pitch date: 2026-02-10
NVM.DE [neutral]
Novem Group S.A.
+5.65%
current return
Author Info
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Company Info
Novem Group S.A. develops and supplies trim elements and decorative function elements for car interiors in the automotive industry.
Market Cap
EUR 121.3M
Pitch Price
EUR 2.83
Price Target
N/A
Dividend
N/A
EV/EBITDA
4.65
P/E
6.32
EV/Sales
0.47
Sector
Automobile Components
Category
turnaround
Novem (NVM Germany): cash generation helps, but the operating picture stays weak
NVM.DE (update): Q3 sales -5% YOY to €118M, adj EBIT €7M (5.8% margin) both below expectations. Tooling collapsed -40% on delayed/cancelled OEM programs. Only positive: FCF €21M driven by working capital discipline. No guidance given. Needs OEM volume pickup for margin recovery to double-digits, not imminent. Cash provides downside protection but no clear path to top-line recovery.
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