Norcros plc

Equities

NXR

GB00BYYJL418

Construction Supplies & Fixtures

Market Closed - London S.E. Other stock markets 11:35:10 2024-04-26 am EDT			5-day change	1st Jan Change
179 ^GBX	+0.56%		+5.92%	-6.77%

Apr. 25	Norcros sells Johnson Tiles UK; Trifast trading well	AN
Apr. 25	Norcros Enters GBP1 Million Deal to Divest Johnson Tiles UK	MT

Norcros revenue suffers amid South Africa energy crisis

October 12, 2023 at 08:56 am EDT

Norcros PLC - Wilmslow, England-based bathroom and kitchen product supplier - In the 26 weeks to October 1, revenue falls 8.1% year-on-year to about GBP202 million from GBP219.9 million a year prior. Revenue in South Africa declines by about 25%, while revenue in the UK grows 1%. Company highlights national energy supply constraints impacting home market demand in South Africa. Looking ahead, firm expects to meet financial 2024 underlying operating profit market expectations of GBP43.4 million, down 8.2% from GBP47.3 million in financial 2023.

Norcros will release its interim results on November 16.

Current stock price: 145.00 pence, down 1.4% on Thursday

12-month change: down 19%

By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
DOW JONES SOUTH AFRICA(ZAR)	1,962 PTS	+1.81%	+2.51%	-
DOW JONES AFRICA TITANS 50 INDEX	462 PTS	+1.81%	+2.72%	-
NORCROS PLC	179 GBX	+0.56%	+5.92%	200M
S&P AFRICA 40 INDEX	157.6 PTS	+3.21%	+3.49%	-

Latest news about Norcros plc

Norcros sells Johnson Tiles UK; Trifast trading well	Apr. 25	AN
Norcros Enters GBP1 Million Deal to Divest Johnson Tiles UK	Apr. 25	MT
FTSE 100 Closes Down 0.5% Dragged by Financial Stocks After ECB Holds Rates	Apr. 11	DJ
Norcros revenue and profit takes hit on "challenging" environment	Apr. 11	AN
Norcros plc Provides Earnings Guidance for the Year Ended March 31, 2024	Apr. 11	CI
Berenberg Kicks off Norcros Coverage at Buy	Mar. 01	MT
Numis cuts St James's Place to 'hold'	Mar. 01	AN
Transcript : Norcros plc, H1 2024 Earnings Call, Nov 21, 2023	Nov. 21
Norcros interim profit down; eyes further fall amid challenging market	Nov. 16	AN
Norcros to deliver on market expectations	Nov. 16	AN
Earnings Flash (NXR.L) NORCROS Posts Fiscal H1 Revenue GBP201.6M	Nov. 16	MT
Earnings Flash (NXR.L) NORCROS Reports Fiscal H1 EPS GBX10.30	Nov. 16	MT
Norcros plc Reports Earnings Results for the Half Year Ended September 30, 2023	Nov. 16	CI
Norcros plc Declares Interim Dividend, Payable on 16 January 2024	Nov. 16	CI
FTSE 100 Ends Higher Fueled by Energy Stocks	23-10-12	DJ
Norcros revenue suffers amid South Africa energy crisis	23-10-12	AN
Norcros plc Announces Executive Changes	23-10-12	CI
FTSE 100 Closes Down 0.2% as Miners Offset Ocado, Rolls-Royce Jumps	23-07-26	DJ
Norcros plc Approves Final Dividend for the Year Ended 31 March 2023	23-07-26	CI
Biome outlook unchanged, matches market consensus	23-07-26	AN
Norcros plc Announces Board Changes	23-07-26	CI
FTSE 100 Closes Up 0.3% and Outperforms European Peers after ECB Raises Rates	23-06-15	DJ
London Market Insurers' Underperformance Looks Overdone	23-06-15	DJ
Norcros ups annual dividend despite profit fall; revenue up	23-06-15	AN
Transcript : Norcros plc, 2023 Earnings Call, Jun 15, 2023	23-06-15

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Company Profile

Norcros plc is a United Kingdom-based supplier of bathroom and kitchen products. The principal activities of the Company and its subsidiaries are the design, manufacture, and distribution of a range of bathroom and kitchen products, mainly in the United Kingdom and South Africa. In the United Kingdom, it offers a range of bathroom and kitchen products for domestic and commercial applications. In the United Kingdom, it operates under eight brands: Triton, Merlyn, Vado, Croydex, Abode, Johnson Tiles, Norcros Adhesives and Grant Westfield. Its complementary business in South Africa operates principally from a shared manufacturing and administrative site near Johannesburg. In South Africa, it operates under four brands: Tile Africa, Johnson Tiles South Africa, TAL and House of Plumbing. The Company offers mixer showers and accessories; tile and stone adhesives; taps, bathroom accessories and valves; bathroom furnishings; ceramic wall and floor tiles; and tile adhesives, among others.

Sector

Construction Supplies & Fixtures

Calendar

2024-04-30 - Capital Market Day

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Ratings for Norcros plc

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ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1.79 GBP

Average target price

3.11 GBP

Spread / Average Target

+73.74%

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