skip to main content
Find Insight DIY on
* * *


Norcros Reports 'Robust Performance in Challenging Market'

Norcros interims 2018 725 x 500

Norcros, a market leading supplier of high quality and innovative bathroom and kitchen products, today announces its results for the six months ended 30 September 2018.

 Financial Summary


Six months ended 30 September 2018

Six months ended 30 September 2017

% change as reported

% change at constant currency






Underlying* operating profit





Underlying* profit before tax





Profit before tax





Diluted underlying EPS*





Interim dividend per share





Net debt





* Definitions of alternative performance measures are provided in note 3


·     Revenue increased by 12.1% and 13.3% on a constant currency basis

·     Underlying operating profit increased by 29.9% to £15.2m

·     Merlyn performed strongly, in line with our expectations

·     Triton's strong momentum sustained

·     Johnson Tiles UK returned to profit following restructuring

·     South Africa revenue increased by 7.1% on a constant currency basis

·     Return on sales increased to 9.3% (2017: 8.1%)

·     Interim dividend increased by 7.7% to 2.8p per share

Visit our articles page for the full Norcros results presentation.

Martin Towers, Chairman, commented:

"I am pleased to report a robust set of results for the six months ended 30 September 2018 in what has been a challenging market environment. This performance continues to demonstrate the strength of our market positions, our leading brands and the financial resilience of our diversified business model. The Board remains confident that these attributes will continue to drive market outperformance and will enable the Group to make further progress in line with its expectations for the year to 31 March 2019."

Source : Norcros

For all the very latest news and intelligence on the UK's largest home improvement and garden retailers, sign up for the Insight DIY weekly newsletter.

15 November 2018

Related News

view more UK DIY News

Thank you for the excellent presentation that you gave at Woodbury Park on Thursday morning. It was very interesting and thought-provoking for our Retail members. The feedback has been excellent.

Martin Elliott. Chief Executive - Home Hardware.

Don't miss out on all the latest, breaking news from the DIY industry