Norcros’s H118 pre close update flagged group revenue and EBIT in line with management’s full year growth expectations. The period end net debt figure – after some exceptional costs – was also where we expected it to be. Both divisions are achieving good revenue growth without much help from their respective markets and profitability should follow. The rating is yet to give credit for the achievement of this self-generated progress.
18 Oct 2017
- Divisional progress
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- Divisional progress
Norcros plc (NXR:LON) | 190 2.9 0.8% | Mkt Cap: 170.5m
- Published:
18 Oct 2017 -
Author:
Toby Thorrington -
Pages:
3
Norcros’s H118 pre close update flagged group revenue and EBIT in line with management’s full year growth expectations. The period end net debt figure – after some exceptional costs – was also where we expected it to be. Both divisions are achieving good revenue growth without much help from their respective markets and profitability should follow. The rating is yet to give credit for the achievement of this self-generated progress.