Norcros delivers resilient Q1 performance, outperforming the market

Norcros plc (LON:NXR), a market-leading designer and supplier of high-quality bathroom and kitchen products in the UK, Europe and South Africa markets, has issued the following trading update covering the 13-week trading period to 30 June 2024, ahead of its Annual General Meeting which takes place at 11.00am today.

Trading Update

The Group’s overall trading performance for the first quarter continued to be resilient, with the Board’s expectations for the full year unchanged.

Group revenue for the 13-week period on a constant currency like for like basis* was in line with the prior year. Revenue on a reported basis was 5.9% lower than the same period last year reflecting the exit of Johnson Tiles UK and Norcros Adhesives.

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