Capital Markets Day

RNS Number : 6375K

Norcros PLC

12 April 2018

 

                                                                                                                                                                       12 April 2018

Norcros plc

Capital Markets Day

Norcros plc, the market leading supplier of innovative branded showers, shower enclosures and trays, taps, bathroom accessories, tiles and adhesives will today be hosting an investor and analyst morning. The Company will provide an update on its growth strategy and announce the following new strategic targets which will be used to measure progress going forward.

·      Grow Group revenue to £600m by 2023

·      Maintain approximately 50% of Group revenue derived outside the UK

·      Achieve a sustainable underlying return on capital employed of >15%

In addition, senior management will discuss the growth opportunities in the Group's core markets.

No new information on current trading will be provided during the presentation.

A copy of the presentation slides will be available on the Norcros website (www.norcros.com) at 9.30am today.

ENQUIRIES:

Hudson Sandler	Tel: [phone]
Nick Lyon

Notes to Editors

·   Norcros is a leading supplier of high quality and innovative showers, shower enclosures and trays, taps, bathroom accessories, ceramic wall and floor tiles and adhesive products with operations primarily in the UK and South Africa.

·     Based in the UK, Norcros operates under seven brands:

·     Triton Showers - Market leader in the manufacture and marketing of showers in the UK

·     Vado - A leading manufacturer and supplier of taps, mixer showers, bathroom accessories and valves

·   Croydex - A market-leading, innovative designer, manufacturer and distributor of high quality bathroom furnishings and accessories

·   Abode - A leading niche designer and distributor of high quality kitchen taps, bathroom taps and kitchen sinks

·   Merlyn - the UK and Ireland's No. 1 supplier of shower enclosures and trays to the residential, commercial and hospitality sectors

·     Johnson Tiles - A leading manufacturer and supplier of ceramic tiles in the UK

·     Norcros Adhesives - Manufacturer of tile & stone adhesives, grouts and related products

·     Based in South Africa, Norcros operates under three brands:

·    Tile Africa - Chain of retail stores focused on ceramic and porcelain tiles, and associated products such as sanitary ware, showers and adhesives

·     Johnson Tiles South Africa - Manufacturer of ceramic and porcelain tiles

·     TAL - The leading manufacturer of ceramic and building adhesives

·     Norcros is headquartered in Wilmslow, Cheshire and employs around 2,000 people. The Company is listed on the London Stock Exchange. For further information please visit the Company website: http://www.norcros.com

 

END

 

 

MSCIBMFTMBMBBTP