High financial results support the strategic development of “Norm” OJSC

“Norm” OJSC has published its audited financial results for 2024, highlighting significant improvements across key financial indicators compared to the previous year. According to the report, the company’s sales revenue increased by 13%, reaching 256 million AZN, while total revenue rose by 18.8% to 130 million AZN.

Operating profit recorded growth of 28.2% (an increase of 18 million AZN), reaching 81.5 million AZN, while pre-tax profit rose by 15.9% to 77.43 million AZN.

Elvin Mirzayev, Deputy Chief Executive Officer for Finance and Strategy at “Norm”, noted that the company's revenues and net profit both increased in 2024 as a result of successful management and effective operations. He also emphasized that the company was one of the largest taxpayers in the country, having paid over 19.2 million AZN in profit tax last year.

Henning Sasse, CEO of “Norm”, stated that the company successfully concluded 2024 as the market leader in the cement industry. “Based on the excellent results we achieved in 2024, we are now actively implementing our expansion strategy in the construction materials segment. Since May, our company has introduced a new range of cement-based dry mix products under the Storm brand to the market. We believe this expansion will not only strengthen our performance indicators but also contribute to the sustainable development of the construction sector.”

"Norm" is a part of NEQSOL Holding, a diversified group of companies operating in more than 10 countries across the energy, telecommunications, hi-tech, and construction industries.