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.

Target	Promise	Said	Status
2026
5 Apr 2026	FY26 underlying operating profit in line with (revised) market expectations	16 Oct 2025	✗ Missed · target changed
	“The Board expects full year underlying operating profit to be in line with the revised market expectations, following the acquisition of Fibo” Also stated 20 Nov 2025 How it developed 16 Oct 2025 Said “the Board expects full year underlying operating profit to be in line with market expectations, and to show further progress towards our medium-term...” 20 Nov 2025 Said “The Board expects full year underlying operating profit to be in line with the revised market expectations, following the acquisition of Fibo” 11 Jun 2026 ↻ Changed / dropped “Group underlying operating profit1 up 7.9% to £48.0m (2025: £44.5m); Fibo acquisition and strong UK&I performance” Result Expectations were revised after the Fibo acquisition; FY26 profit of £48.0m was in line with plans. “Group underlying operating profit1 up 7.9% to £48.0m (2025: £44.5m); Fibo acquisition and strong UK&I performance”11 Jun 2026 · Results for the 53 weeks ended 5 April 2026 “Despite ongoing economic and geopolitical uncertainty, our differentiated model, strong brands and disciplined execution helped us grow market share and deliver in line with our plans.”11 Jun 2026 · Results for the 53 weeks ended 5 April 2026
Today · 16 Oct 2026
2040
2040	Achieve Net Zero (first by 2035, later stated as 2040)	7 May 2024	✗ Missed · target changed
	“We remain committed to our longer term 2040 Net Zero targets (in line with the Transition Plan Taskforce guidelines)” Also stated 20 Nov 2025 How it developed 7 May 2024 Said “achieving Net Zero by 2035” 20 Nov 2025 ↻ Changed / dropped “We remain committed to our longer term 2040 Net Zero targets (in line with the Transition Plan Taskforce guidelines).” 20 Nov 2025 Said “We remain committed to our longer term 2040 Net Zero targets (in line with the Transition Plan Taskforce guidelines)” Result Net Zero date moved from 2035 to 2040 in November 2025. “We remain committed to our longer term 2040 Net Zero targets (in line with the Transition Plan Taskforce guidelines).”20 Nov 2025 · Half-year Results