Norcros (GB:NXR) has released an update.
Norcros, a leading supplier of bathroom and kitchen products, reported a solid performance with a year-end revenue of £392.1m, an 11.1% decrease from the previous year, while managing to reduce its underlying net debt by 25.3%. Despite market challenges, the company achieved an underlying operating profit of £43.2m and announced medium-term strategic targets focused on organic growth, improved profit margins, and cash conversion. Current trends show promising group revenue growth, and the company maintains a positive outlook for the upcoming fiscal year.
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