Norcros plc (LON:NXR), a market-leading designer and supplier of high quality bathroom and kitchen products in the UK, Europe and South African markets, will announce its full year results for the year ended 31 March 20241 on 13 June 2024. In advance of this, the Group has provided the following trading update.
Trading
The Group has continued to demonstrate the strength of its business in a challenging demand environment, and the Board expects underlying operating profit for the year ended 31 March 2024 to be in line with market expectations2.
Overall Group revenue for the year ended 31 March 2024 is expected to be circa £390 million (2023: £441.0 million), 11.1% below prior year on a reported basis and 6.1% below on a constant currency (“CC”) like for like (“LFL3“) basis.