AGM Trading Statement

Norcros PLC

22 July 2026

 

 

22 July 2026

AGM Trading Statement

Norcros plc ("Norcros" or the "Group"), the number one branded bathroom products business in the UK and Ireland, issues the following trading update covering the 13-week trading period to 5 July 2026, ahead of its Annual General Meeting which takes place at 11.00am today.

Trading Update

The Group's trading performance for the first quarter of our financial year continued to be solid, with the Board's expectations for the full year unchanged.

Group revenue for the 13-week period was +3.1% ahead of the prior year on a constant currency like for like basis*. We continued to drive growth with market share gains and price increases across both regions, more than offsetting softness in underlying market demand. Revenue on a reported basis was 27.9% higher than the same period last year, reflecting the contribution of Fibo since the acquisition in October 2025.

Thomas Willcocks, Chief Executive Officer, said:

"The Group has made a solid start to the year, with performance in line with our expectations despite continuing challenges across our end markets. Given our strong financial position, proven business model, and clear strategic focus, we remain confident in our ability to deliver further progress towards our medium-term ambitions."

* Adjusted for Johnson Tiles SA and the acquisition of Fibo

Enquiries

Norcros plc	Tel: [phone]
Thomas Willcocks, Chief Executive Officer
Andy Hamer, Interim Chief Financial Officer
MHP - Financial PR	Tel: [phone]
Tim Rowntree                   Lucy Gibbs
Ollie Hoare                       Jake Terry

Notes to Editors

Norcros invests in and grows design-led, capital-light branded bathroom product businesses. Our decentralised collaborative model enables entrepreneurial management teams to operate independently while benefiting from the advantages of our collective scale. Each of our brands offers mid-premium product ranges distinguished by in-house design, a strong and growing commitment to sustainability, and industry-leading service for trade and retail customers.

Through a strategic combination of acquisitions and organic growth, Norcros has become the leading branded bathroom products group in the UK and Ireland. We see significant opportunity for further expansion, focused primarily on the large and fragmented European market. We aim to accelerate growth and increase market share through organic growth, selective acquisitions, operational excellence, and our fast developing and meaningful ESG capabilities.

Norcros includes the renowned brands Triton, Merlyn, Grant Westfield, Fibo, Vado, Croydex, and Abode in Europe, and Tile Africa, TAL, and House of Plumbing in South Africa.

Norcros is headquartered in Wilmslow, Cheshire, and employs approximately 2,100 people. The Company is listed on the London Stock Exchange. For further information, please visit the Company website: www.norcros.com

 

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