Norcros ( (GB:NXR) ) has shared an announcement.
Norcros plc has announced that its underlying operating profit for the year ended 31 March 2025 is expected to align with market expectations, with group revenue marginally ahead on a constant currency basis despite a reported decline. The company has initiated a strategic review of Johnson Tiles South Africa due to challenging market conditions, which may impact its operations and market positioning. Despite these challenges, Norcros remains financially strong with a solid balance sheet and is poised to capitalize on market opportunities.
Spark’s Take on GB:NXR Stock
According to Spark, TipRanks’ AI Analyst, GB:NXR is a Outperform.
Norcros’s overall stock score reflects its strong financial performance and positive corporate events, which are somewhat offset by bearish technical indicators and a fair valuation. The company’s ability to generate cash and improve profitability is a key strength, while its technical indicators suggest caution in the short term. The recent positive developments in corporate events provide additional confidence in the company’s future prospects.
To see Spark’s full report on GB:NXR stock, click here.
More about Norcros
Norcros is a market-leading group specializing in design-led, sustainable bathroom and kitchen products across the UK, Ireland, South Africa, and select export markets. The company offers mid-premium product ranges through renowned brands such as Triton, Merlyn, Grant Westfield, VADO, Croydex, and Abode in the UK, and Tile Africa, TAL, Johnson Tiles South Africa, and House of Plumbing in South Africa. Norcros is headquartered in Wilmslow, Cheshire, employs around 2,100 people, and is listed on the London Stock Exchange.
YTD Price Performance: -20.23%
Average Trading Volume: 138,964
Technical Sentiment Signal: Hold
Current Market Cap: £174.2M
See more data about NXR stock on TipRanks’ Stock Analysis page.