Audio Note: Norcros – FY24 results ahead, UK performing strongly

In this audio note, Zeus’ Andy Hanson summarises the investment case for Norcros.

Norcros has reported a strong set of results for FY24 showing Group operating margin ahead of Zeus forecast at 11.0% (Zeus: 10.5%) despite revenue down 6.0% to £392.1m on a L4L constant current basis, broadly in line with Zeus’ forecast of £395.5m.

Listen to all episodes of the Zeus Research team Audio Notes here.


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