Added to YB: 2026-07-02
Pitch date: 2026-06-30
NVM.DE [neutral]
Novem Group S.A.
Author Info
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Company Info
Novem Group S.A. develops and supplies trim parts and decorative function elements for car interiors in the automotive industry.
Market Cap
EUR 112.7M
Pitch Price
EUR 2.68
Price Target
N/A
Dividend
N/A
EV/EBITDA
4.56
P/E
10.08
EV/Sales
0.44
Sector
Automobile Components
Category
turnaround
Novem (NVM Germany): Cost discipline is helping, but the cycle has yet to turn
NVM.DE (update): Premium auto interior supplier. FY25-26 sales -6% to €511M, adj EBIT -35% to €32M (6.2% margin) on weak vehicle production. FCF up to €48M from €28M on tighter WC/capex; net leverage stable 1.8x. Trades ~3x EV/EBITDA but cycle hasn't turned; no guidance, limited visibility. Cost discipline limits downside but insufficient for re-rating without production recovery.
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