FY19 ended in line with management’s expectations following a good H2 sales performance. Momentum here is to be supplemented by the post year-end acquisition of RAP Plumbing Supplies, which enhances earnings estimates by c 3%. Norcros is executing well against its strategy but the rating suggests that this is being overlooked by the market.
26 Apr 2019
Norcros - Making good organic and acquisitive progress
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Norcros - Making good organic and acquisitive progress
Norcros plc (NXR:LON) | 184 0 0.0% | Mkt Cap: 165.3m
- Published:
26 Apr 2019 -
Author:
Toby Thorrington -
Pages:
3
FY19 ended in line with management’s expectations following a good H2 sales performance. Momentum here is to be supplemented by the post year-end acquisition of RAP Plumbing Supplies, which enhances earnings estimates by c 3%. Norcros is executing well against its strategy but the rating suggests that this is being overlooked by the market.