Norcros - UK margins up materially, South Africa stabilising
Norcros’s compelling investment case was underpinned at the half year where underlying operating profit was down less than 3% despite material...
243 Views
Norcros - Strong anchors weather the storms
Norcros’s total revenue grew 2.1% in Q124 versus a strong comparator period despite tough UK market conditions and power outages in South Africa as...
167 Views
Norcros - New CEO likely to pursue existing strategy
Norcros’s final results highlighted a solid FY23 performance, and although we have reduced our estimates to reflect a weaker macro outlook, we...
228 Views
Norcros - In-line update highlights undervalued entity
Norcros’s FY23 trading update highlighted a solid performance, particularly in the UK in H2, as well as the closure of the loss-making Norcros...
370 Views
Norcros - Well placed to gain market share
Norcros’s interims highlighted a solid H1 performance, and although we have reduced our estimates to reflect a weaker outlook into FY24, we believe...
674 Views