Norcros PLC Capital Markets Day (6375K)
April 12 2018 - 2:00AM
UK Regulatory
TIDMNXR
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 GBP600m 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: 0207 796 4133
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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