Norcros has told the market it expects annual revenue and profit to rise in line with expectations, giving investors a clearer sign that the group is still moving forward despite difficult trading conditions in several of its markets.
For the 53 weeks to 5 April 2026, the bathroom products group expects reported revenue to increase by about 10% to around £393m. Profit is also set to improve, with underlying operating profit expected to be at least £47.5m, up from £44.5m, and underlying profit before tax forecast at a minimum of £40.4m.
Part of that progress came from the acquisition of Fibo, which has added scale to the business and lifted reported growth. But the update also points to continued market share gains, which is arguably the more important point from an investment perspective.
In Europe, revenue is expected to be up 13.6% on a reported basis, helped by Fibo, while like-for-like growth was 0.7%. Again, the numbers point to modest underlying demand but disciplined execution.
Norcros plc (LON:NXR) is a leading B2B producer of branded bathroom and kitchen products for its UK, South African and selected export markets. The portfolio is characterised by strong individual brands, together providing product breadth and channel diversity from a strong supply chain base.
