Norcros has provided a full year update (March Y/E) confirming revenue and profitability to be in line with expectations. Reported revenue of £368m (Zeus forecast: £367m) is down 6.2% yoy but up 1.1% on a constant currency LFL basis. Full year operating profit is expected to be in line with expectations of £43m (Zeus forecast: £43.3m), representing a c. 70bps yoy margin improvement to 11.7%. Underpinning this is market share gains from Norcros’ leading brands operating in the UK’s mid-premium en ....

10 Apr 2025
Norcros (NXL LN) - Inline FY25 trading update and strategic review of Johnson Tiles SA - BUY

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Norcros (NXL LN) - Inline FY25 trading update and strategic review of Johnson Tiles SA - BUY
Norcros plc (NXR:LON) | 270 -13.5 (-1.8%) | Mkt Cap: 242.5m
- Published:
10 Apr 2025 -
Author:
Andy Hanson | Charlie Williams -
Pages:
7 -
Norcros has provided a full year update (March Y/E) confirming revenue and profitability to be in line with expectations. Reported revenue of £368m (Zeus forecast: £367m) is down 6.2% yoy but up 1.1% on a constant currency LFL basis. Full year operating profit is expected to be in line with expectations of £43m (Zeus forecast: £43.3m), representing a c. 70bps yoy margin improvement to 11.7%. Underpinning this is market share gains from Norcros’ leading brands operating in the UK’s mid-premium en ....