The developing coronavirus pandemic has affected year-end trading for Norcros, with an indicated c £4m impact on EBIT. Operational shutdowns mirroring those of its customers have been undertaken and, as elsewhere, actions to preserve cash are being taken. The company has up to c £110m headroom under existing banking facilities representing a strong year end liquidity position. Forward guidance and our estimates for FY21 onwards have been withdrawn pending greater clarity on the sc
02 Apr 2020
Norcros - FY20 outturn affected by COVID-19
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Norcros - FY20 outturn affected by COVID-19
Norcros plc (NXR:LON) | 172 -5.1 (-1.7%) | Mkt Cap: 153.7m
- Published:
02 Apr 2020 -
Author:
Toby Thorrington -
Pages:
4
The developing coronavirus pandemic has affected year-end trading for Norcros, with an indicated c £4m impact on EBIT. Operational shutdowns mirroring those of its customers have been undertaken and, as elsewhere, actions to preserve cash are being taken. The company has up to c £110m headroom under existing banking facilities representing a strong year end liquidity position. Forward guidance and our estimates for FY21 onwards have been withdrawn pending greater clarity on the sc