German discounter Norma said 2025 results met guidance as sales fell 6.8% YoY to EUR821.7 million and EBIT dropped to EUR6.3 million, with a 0.8% margin. Operating net cash flow was EUR95.8 million and net debt fell 4.0% to EUR316.1 million, before the group said it became net debt-free after the water business sale. It said interim CFO Okan Celiker had replaced Annette Stieve, and forecast 2026 sales growth of 0%-2% with a 2%-4% adjusted EBIT margin. (Norma)