Sparks - Norcros

More on this equity

Norcros (LSE: NXR) – FY25 trading in line with expectations and conducting a strategic review of Johnson Tiles South Africa

Published by Andy Murphy

On a like-for-like and constant currency basis, Norcros expects group revenue to be marginally ahead of the previous year with the UK up 1.0% and South Africa up 0.4%. The group expects operating profit to be in line with market expectations and for year-end net debt to be c £37m, implying 1x net debt to EBITDA.

Today, Norcros announced it is to conduct a strategic review of Johnson Tiles South Africa, which accounts of c £12m of revenue (3% of group) and confirmed that its exposure to the US is ‘negligible’ at less than 0.5%.

Next Sparks Commentary in this sector >

Latest

Industrials | Comment

03.07.25

Subscribe to Edison

Get access to the very latest content matched to your personal investment style.

Equities

Equities by Sector

Sectors

Thematics

Latest

Decarbonising the built environment – Green materials, greener buildings

The advertising ecosystem – Triangulating perspectives

JPMorgan European Discovery Trust – The power of small

Audiovisual

Latest

Vantage: VOF – inside Vietnam’s investment boom (27 June 2025)

Cereno Scientific – executive interview

Partners Group Private Equity in 60 seconds

About Edison

About Edison

Careers

Sparks - Norcros

Latest

THEON INTERNATIONAL (AMS: THEON) – additional order intake

Baltic Classifieds (LSE: BCG) continued good progress

Cereno Scientific (STO: CRNO-B) enters the FN25 Index

AAC Clyde Space (OTCQX: AAC) share issue raising SEK64.5m

Hercules (AIM: HERC) acquire Advantage NRG for up to £15.7m

Subscribe to Edison