Norcros (NXR)

Sector:

Construction and Building Materials

Index:

FTSE Small Cap

274.00p
   
  • Change Today:
    -2.00p
  • 52 Week High: 281.00p
  • 52 Week Low: 147.50p
  • Currency: UK Pounds
  • Shares Issued: 89.79m
  • Volume: 48,395
  • Market Cap: £246.01m
  • RiskGrade: 171

Norcros sees annual revenues jump

By Abigail Townsend

Date: Thursday 09 Jun 2022

LONDON (ShareCast) - (Sharecast News) - Norcros reported a hike in annual revenues on Thursday, boosted by "robust" trading as it continued to recover from the impact of Covid-19.
The supplier of bathroom and kitchen products saw revenues rise 22% in the year to 31 March, to £396.3m, or by 21% on a constant currency like-for-like basis.

Underlying operating profits rose 24% to £41.8m, while pre-tax profits rose to £33.0m from £18.5m a year previously. Within that, the company's UK business saw operating profits increase to £30.9m from £26.9m, while its South African operations saw them rise to £10.9m from £6.9m.

Norcros said "robust" trading had helped deliver the record numbers, despite selling prices rising to counter surging input inflation. It also built inventory levels to help offset wider supply chain challenges.

Gary Kennedy, chair, said: "Norcros has continued its recovery following the period of exceptional global disruption and uncertainty caused by the Covid-19 pandemic. Furthermore, the resilience of the group's business model and strategy has proven to be highly effective through a period of unprecedented cost inflation and supply chain challenges."

Looking to the current year, the firm said trading in the two months to 31 May was "marginally" ahead of the same period a year earlier, by around 1%, but up 25% on the same two months in 2019, prior to the pandemic.

It continued: "The normalisation of consumer spending patterns, in addition to pressure on household disposable incomes, will provide some uncertainty in our markets. In addition, the secondary impacts of the pandemic and the Ukraine crisis remains difficult to predict.

"Notwithstanding these uncertainties, we are confident that our supply chain infrastructure combined with our local inventory holidays will ensure our leading competitive position is maintained."

As at 1015 BST, shares in Norcros were ahead 4% at 250p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Norcros Market Data

Currency UK Pounds
Share Price 274.00p
Change Today -2.00p
% Change -0.72 %
52 Week High 281.00p
52 Week Low 147.50p
Volume 48,395
Shares Issued 89.79m
Market Cap £246.01m
RiskGrade 171

Norcros Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
73.61% above the market average73.61% above the market average73.61% above the market average73.61% above the market average73.61% above the market average
94.74% above the sector average94.74% above the sector average94.74% above the sector average94.74% above the sector average94.74% above the sector average
Price Trend
93.29% above the market average93.29% above the market average93.29% above the market average93.29% above the market average93.29% above the market average
79.49% above the sector average79.49% above the sector average79.49% above the sector average79.49% above the sector average79.49% above the sector average
Income
53.41% above the market average53.41% above the market average53.41% above the market average53.41% above the market average53.41% above the market average
65.52% above the sector average65.52% above the sector average65.52% above the sector average65.52% above the sector average65.52% above the sector average
Growth
54.31% below the market average54.31% below the market average54.31% below the market average54.31% below the market average54.31% below the market average
61.11% below the sector average61.11% below the sector average61.11% below the sector average61.11% below the sector average61.11% below the sector average

What The Brokers Say

Strong Buy 4
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 5
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Norcros Dividends

  Latest Previous
  Final Interim
Ex-Div 27-Jun-24 30-Nov-23
Paid 02-Aug-24 16-Jan-24
Amount 6.80p 3.40p

Trades for 31-Oct-2024

Time Volume / Share Price
16:39 4,043 @ 269.61p
16:39 4,043 @ 269.61p
16:35 2,371 @ 274.00p
16:35 1 @ 274.00p
16:35 126 @ 274.00p

Norcros Key Personnel

CFO James Eyre
CEO Thomas Willcocks

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