Norcros
NXR · Main Market · Construction and Materials · mcap £263m · 308.0p
Norcros makes and sells bathroom and kitchen products such as showers, taps and wall panels under brands including Triton and VADO. It sells mainly in the UK, Ireland and Europe, with a business in South Africa.
Positive 15 Oct 2026
Fibo acquisition leverage reduced quicklyNet debt rose to £65.8m, 1.2x leverage at FY26, and was about £55m at H1 27 trading update. 15 Oct 2026 11 Jun 2026
Mixed 11 Jun 2026
Strategic review leading to intended sale of South African operationsFollows Johnson Tiles SA closure; shifts the group to a UK and Europe focus with Fibo; sale process expected to take about 12 months. 11 Jun 2026 12 May 2026
Negative 11 Jun 2026
CFO departure with interim replacementJames Eyre leaving after 12 years; interim CFO in place and search under way during portfolio change. 11 Jun 2026 16 Apr 2026
Positive 20 Nov 2025
Chair purchased shares in November 2025Steve Good bought 20,000 shares at 304p; a single purchase. 20 Nov 2025
- 2026-05-12 disposal – Intention to explore sale of South African operations; completion expected in about 12 months 12 May 2026
- 2025-10-13 acquisition · £46m – Completed acquisition of Fibo Holding AS, Norwegian wall panel maker (announced July 2025, EV c.£45m) 13 Oct 2025
- 2025-06-23 disposal – Ceased Johnson Tiles South Africa manufacturing at end of June 2025; closure expected cash neutral when complete 23 Jun 2025
- 2025-03-13 pension funding · £4.2m – Pension valuation deficit £11.7m; annual contributions to June 2027, then below c.£1m 13 Mar 2025
- 2024-05-20 disposal · £1m – Sold Johnson Tiles UK to its management team for £1m plus deferred earn-out 25 Apr 2024
From the company's own announcements · not investment advice
Company filings. Not investment advice.