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Norcros exceeds profit forecasts and considers sale of South Africa business
Norcros reported revenue for the 53 weeks to 5 April 2026 up 10.6% to £393.4 million and beat the analyst consensus with an adjusted operating profit of £48 million. Adjusted diluted earnings per share rose to 35.8p versus a consensus of 34p, and adjusted pre-tax profit grew to £40.9 million. The board is formally reviewing the sale of the remaining South Africa businesses (TAL, Tile Africa, House of Plumbing) to focus on mid- to premium-priced sanitary markets in the UK and Europe, and announced an annual dividend of 11.3p. » More on de.investing.com
Norcros completes acquisition of Fibo after CMA clearance
Norcros has completed the acquisition of Norwegian maker of waterproof wall panels Fibo after the UK competition authority CMA gave its approval. The transaction is valued at £46m (NOK 618m) and is intended to position Norcros as the leading market player for waterproof wall coverings in the UK, Ireland, Scandinavia and Central Europe. Fibo reported net sales of NOK 856.3m and an EBITDA of NOK 100m for the year to 31 Dec 2024. The acquisition will be financed from the existing revolving credit facility and increases pro-forma leverage from around 0.8x to about 1.6x. » More on de.investing.com
CMA reviews Norcros merger with Fibo
The UK competition authority, the CMA, has opened a Phase 1 investigation into the proposed merger of Norcros and Fibo. It is examining whether the tie-up would substantially lessen competition in a market in the United Kingdom. The decision for the first review phase is scheduled for 3 November 2025. » More on de.investing.com
Historical dividends Dividends
All dividend metrics All metricsFinancials
| (EUR) | March 2026 | YoY |
|---|---|---|
| Revenue | 239.23m | - |
| Gross profit | 239.23m | - |
| Net profit | -228.82k | - |
| EBITDA | 41.07m | - |
Fundamentals
| Metric | Value |
|---|---|
Market capitalization | €330.04m |
Number of shares | 89.34m |
52-week high/low | €4.49 - €3.14 |
Dividend yield | 3.50% |
Dividends TTM | €0.13 |
Beta | 1.08 |
P/E ratio | 905.88 |
PEG ratio | -9.82 |
P/B ratio | 1.41 |
P/S ratio | 0.70 |
Company profile
Norcros plc, together with its subsidiaries, designs, manufactures, and distributes bathroom and kitchen products in the United Kingdom and South Africa. The company manufactures and distributes electric and mixer showers, and accessories under the Triton brand name; shower enclosures and trays to the residential, commercial, and hospitality sectors under the Merlyn brand; taps, mixer showers, bathroom accessories, and valves under the Vado brand name; and accessories and furniture for the bathroom, such as toilet seats, wall-mounted cupboards, vanity units, shower rods, rails, and curtains to retail and trade customers under the Croydex brand name. It also offers kitchen taps, sinks, and instant hot water taps under the Abode brand name; ceramic wall and floor tiles under the Johnson Tiles brand name; and adhesives, grouts, and surface preparation products under the Norcros Adhesives brand name for fixing ceramic and porcelain tiles, mosaics, natural stones, and marbles. In addition, the company provides tile adhesives, pourable floor coverings, and tiling tools for various types of ceramic, porcelain, or natural stone tiles; and various products for the preparation of floors before the installation of hard and soft floor coverings, including primers, additives, patching and repair compounds, and screeds and self-levelling screeds, as well as waterproofing systems under the TAL brand name, as well as specialist plumbing materials under the House of Plumbing brand name. Further, it manufactures waterproof decorative bathroom wall panels under the Home of Multipanel brand name; and retails wall and floor tiles, adhesives, showers, sanitaryware, and bathroom fittings under the Tile Africa brand name. The company serves consumers, architects, designers, developers, retailers, and wholesalers. Norcros plc was incorporated in 1999 and is headquartered in Wilmslow, the United Kingdom.
| Name | NORCROS |
| CEO | Thomas John Willcocks |
| Headquarters | Wilmslow,
ch United Kingdom |
| Website | |
| Sector | Consumer Discretionary |
| Industry | Household Durables |
| IPO | 02/08/2001 |
| Employees | 2,045 |
Deep Dive
Ticker symbols
| Exchange | Symbol |
|---|---|
London Stock Exchange | NXR.L |
Frankfurt | 3N1N.F |
Düsseldorf | 3N1N.DU |
London | NXR.L |