FY19 has started well for Norcros and management expectations for full-year progress are unchanged. The maiden Q1 contribution from Merlyn has more than offset Johnson Tiles’ (JT’s) revenue reduction and other operations collectively continue to show good growth. As before, we maintain that a positive re-rating is likely.
30 Jul 2018
Norcros - Good start to the year
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Norcros - Good start to the year
Norcros plc (NXR:LON) | 180 14.4 4.5% | Mkt Cap: 161.3m
- Published:
30 Jul 2018 -
Author:
Toby Thorrington -
Pages:
3
FY19 has started well for Norcros and management expectations for full-year progress are unchanged. The maiden Q1 contribution from Merlyn has more than offset Johnson Tiles’ (JT’s) revenue reduction and other operations collectively continue to show good growth. As before, we maintain that a positive re-rating is likely.