Norcros PLC, a leading designer and supplier of high-quality bathroom and kitchen products in the UK, European, and South African markets, recently hosted a Capital Markets Event to introduce its compelling growth strategy. The event featured presentations from the CEO, Thomas Willcocks, and CFO, James Eyre, along with the senior management team. They provided an overview of the Group's current position and its evolution into a successful, scalable platform for growth, as well as the key opportunities for further share gains and market consolidation.

The updated medium-term growth strategy was a focal point, with a focus on M&A, Organic Growth, Operational Excellence, and ESG. The leadership team outlined key objectives and targets, including organic growth at 2% - 3% above the market, a group operating margin reaching 15%, cash conversion greater than 90%, return on capital employed greater than 20%, and the delivery of SBTi-validated science-based emissions targets by 2028.

The event also included a question and answer session, and the presentation materials and a recording of the event will be available on Norcros' corporate website shortly after the event. Notably, no new material trading information was disclosed at the event.

Norcros PLC's commitment to growth and sustainability was evident in the Capital Markets Event, as the company outlined its strategic pillars and medium-term targets, emphasizing organic growth, operational efficiency, and environmental responsibility.