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LONDON - Norcros plc, a bathroom products company, reported a 0.6% increase in group revenue for the 13-week period ending June 30, 2025, on a constant currency like-for-like basis after adjusting for trading days, according to a trading update released Wednesday.
The UK and Ireland market, which represents Norcros’s core business, saw revenue growth of 1.0% on a like-for-like basis. The company attributed this performance to continued market share gains in its mid-premium end markets.
In contrast, South African operations experienced a 0.6% revenue decline on a constant currency like-for-like basis, following what the company described as "a particularly difficult first month." Norcros confirmed it has completed the planned closure of its tile manufacturing plant at Johnson Tiles South Africa.
The company also referenced its recently announced agreement to acquire Fibo Holding AS, which was disclosed on July 15. The transaction remains subject to approval from the UK Competition and Markets Authority.
"Norcros continues to grow market share, having delivered another resilient performance during the first quarter," said Thomas Willcocks, Chief Executive Officer, in the trading update. "Whilst trading conditions remain challenging, we continue to make good progress towards our stated medium-term targets."
The bathroom products group, which operates brands including Triton, MERLYN, Grant Westfield, VADO, Croydex, and Abode in the UK, along with Tile Africa, TAL, and House of Plumbing in South Africa, maintained that the Board’s expectations for the full year remain unchanged.
Norcros employs approximately 2,000 people and is listed on the London Stock Exchange (LON:LSEG). The trading update was issued ahead of the company’s Annual General Meeting.
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