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...
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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...
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Norcros - Key strengths undervalued, legacy issues fixed
We believe that Norcros’s proven strategy remains on track, which should allow it to unlock significant market growth opportunities. We also...
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Norcros - Broadening the UK bathroom product offering
The acquisition of Grant Westfield (GW) is a typical Norcros deal: profitable, strongly complementary to the existing product offer and has...
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Norcros - Record revenue and EBIT in FY22
Strong H2 trading – especially in South Africa – causes us to raise our Norcros FY22 estimates to new record levels. Management anticipates further...
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