Norcros (NXR)

Sector:

Construction and Building Materials

Index:

FTSE Small Cap

247.00p
   
  • Change Today:
    -1.00p
  • 52 Week High: 276.00p
  • 52 Week Low: 162.00p
  • Currency: UK Pounds
  • Shares Issued: 89.79m
  • Volume: 296,441
  • Market Cap: £221.77m
  • RiskGrade: 171
  • Beta: 0.81

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.

Email this article to a friend

or share it with one of these popular networks:


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 247.00p
Change Today -1.00p
% Change -0.40 %
52 Week High 276.00p
52 Week Low 162.00p
Volume 296,441
Shares Issued 89.79m
Market Cap £221.77m
Beta 0.81
RiskGrade 171

Norcros Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
80.18% above the market average80.18% above the market average80.18% above the market average80.18% above the market average80.18% 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
82.41% above the market average82.41% above the market average82.41% above the market average82.41% above the market average82.41% above the market average
23.08% above the sector average23.08% above the sector average23.08% above the sector average23.08% above the sector average23.08% above the sector average
Income
59.08% above the market average59.08% above the market average59.08% above the market average59.08% above the market average59.08% 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
55.29% below the market average55.29% below the market average55.29% below the market average55.29% below the market average55.29% below the market average
66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% 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
  Interim Final
Ex-Div 28-Nov-24 27-Jun-24
Paid 14-Jan-25 02-Aug-24
Amount 3.50p 6.80p

Trades for 21-Nov-2024

Time Volume / Share Price
16:39 22,542 @ 247.00p
16:37 1,070 @ 247.00p
16:37 8,930 @ 247.00p
16:36 8,542 @ 247.00p
16:36 4,000 @ 247.00p

Norcros Key Personnel

CFO James Eyre
CEO Thomas Willcocks

Top of Page