Variable underlying markets did not prevent Norcros from delivering both organic and acquired progress in FY18. Moreover, a new target of almost doubling revenue by 2023 has been set with ROCE sustained above 15%+. Share price movements suggest that the market is starting to give credit for management’s achievements. Performance will be measured against the strategic plan and we believe that a further re-rating is likely.
29 Jun 2018
Norcros - Explicit growth aspirations
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Norcros - Explicit growth aspirations
Norcros plc (NXR:LON) | 183 0 0.0% | Mkt Cap: 164.2m
- Published:
29 Jun 2018 -
Author:
Toby Thorrington -
Pages:
11
Variable underlying markets did not prevent Norcros from delivering both organic and acquired progress in FY18. Moreover, a new target of almost doubling revenue by 2023 has been set with ROCE sustained above 15%+. Share price movements suggest that the market is starting to give credit for management’s achievements. Performance will be measured against the strategic plan and we believe that a further re-rating is likely.