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 reports resilient first-half trading performance

By Josh White

Date: Thursday 10 Oct 2024

LONDON (ShareCast) - (Sharecast News) - Bathroom and kitchen product designer and supplier Norcros reported a resilient trading performance for the first half of the year in an update on Thursday.
The London-listed firm said its interim results, set to be announced on 21 November, were expected to show revenue of £188m, 7% lower than the prior year's £201.6m, largely due to the sale of Johnson Tiles UK in May.

On a like-for-like constant currency basis, revenue remained stable compared to the prior year.

Underlying operating profit for the period was expected to be at least £19.5m, compared to £21.4m in 2023.

The UK business saw like-for-like revenue growth of 1%, driven by new product development and cross-selling efforts, though reported revenue was down 9% due to the sale of Johnson Tiles.

Norcros said its South African business experienced a slight decline, with revenue down 1% on a reported basis and 2% lower in constant currency, as consumer sentiment remained subdued despite an improvement in electricity supply stability.

The company said it remained in a strong financial position with net debt expected to be around £45m, reflecting normal seasonal cash flow trends.

Its board remained confident in the group's strategy, and expected full-year operating profit to meet market expectations, with further progress anticipated towards its medium-term targets despite ongoing market challenges.

At 1134 BST, shares in Norcros were down 0.84% at 237p.

Reporting by Josh White for Sharecast.com.

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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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