Norcros’ H1-26 trading update highlights the strength of the Group’s portfolio of leading brands within the UK bathroom and kitchen market. Following a slow start to Q1, Group L4L revenue improved sequentially with Group H1 revenue expected to be +1.0% at CC. The UK division continues to strengthen its margin, showing a 120bps expansion to 14.8%, helping drive Group adj. operating margin up 70bps to 11.9% and absolute profitability to £21.8m (H1-25: £20.8m). Management reiterate trading remains ....
