Norcros plc (LON:NXR), the market leading designer and supplier of high quality sustainable bathroom and kitchen products, will announce its Interim Results for the 26 weeks to 29 September 2024 on 21 November 2024. In advance of this, the Group has provided the following trading update.
Resilient trading performance with profit in line with market expectations
The Group’s performance in H1 has continued to demonstrate the strength of our market leading brands and market positions in a challenging demand environment.
Our in-house product design and development capabilities, excellent customer service and the ongoing implementation of our strategy have ensured that we continue to grow market share and are well placed to capitalise on our position as the market recovers.
Group revenue for the 26-week period is expected to be in line with the previous year on a constant currency (CC) LFL1 basis. Reported revenue is expected to be 7% lower than the previous year at approximately £188 million (2023: £201.6 million). Underlying operating profit is expected to be at least £19.5 million (2023: £21.4 million) in the first half of the year.
