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 ....
