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ڪجهه ڏينهن اڳ, the British sanitary ware company Norcros Group (Norcros Group) announced its 2022 financial year report ended March 31. رپورٽنگ واري دور ۾, the revenue achieved a year-on-year increase of 22.2%
Norcross is a British listed sanitary ware company headquartered in Wilmslow, انگلنڊ, with over 2,400 ملازم.
The main products include shower head, شاور روم, shower tray, نل, bathroom accessories and other bathroom products, as well as ceramic tiles and adhesives and other related products.
Norcros Group
Norcross brands increase to 12
As of now, Norcross has 12 brands. انهن مان, 8 are in the UK market, namely Triton, Merlyn, Vado, Croydex, آبادي, Johnson Tiles, Norcros Adhesives and the newly acquired Grant Westfield.
Of the 8 brands, sanitary ware bathroom brands account for 6, and only Johnson Tiles and Norcros Adhesives produce tiles and adhesive products.
Among sanitary ware brands, Triton and Abode are well-known in the Chinese market.
هتي آهن 4 brands in the South African market, including Tile Africa, Johnson Tiles South Africa, TAL and House of Plumbing. Different from the British market, the main products of the South African brand are mainly ceramic tiles, and only House of Plumbing produces bathroom products.
The revenue exceeded 3 billion yuan Last year reached a record high profit
جي مطابق 2022 fiscal year report released by Norcross, from April 2021 کان مارچ 2022, the company achieved revenue of 396.3 ملين پائونڊ (بابت 3.216 اربين يوآن), a year-on-year increase of 22.2%;
Underlying operating profit increased by 23.7% to a record £41.8 million (تقريبن RMB 339 ملين), with an operating profit margin of 10.5%, slightly higher than the 10.4% in fiscal 2021.
Grant Westfield production site
In the first half of 2022, Norcross’s biggest move is to start acquiring Granfit Holdings, another British bathroom company.
In May of this year, Norcross announced the acquisition of Granfit Holdings and its subsidiary Grant Westfield for 80 ملين پائونڊ (بابت 649 ملين يوآن).
According to the performance statistics standard, Norcross will receive an additional potential income of 12 ملين پائونڊ (بابت 97 ملين يوآن) after the acquisition is completed.
It is reported that Grant Westfield, the main subsidiary of Granfit Holdings, is headquartered in Edinburgh, and its main products are waterproof bathroom wall panels.
۾ 2021, Grant Westfield’s operating income will be 42.2 ملين پائونڊ (بابت 342 ملين يوآن), کان مٿي 32.3 ملين پائونڊ (بابت 262 ملين يوآن) ۾ 2020.
Norcross Acquisition History
ڊسمبر ۾ 2004, acquired Tile Africa, a South African tile retailer;
اپريل ۾ 2013, acquired Vado, a manufacturer of faucets, برسات, bathroom accessories and valves;
جون ۾ 2015, acquired Croydex, a manufacturer of bathroom cabinets and accessories;
In March 2016, acquired Abode, a manufacturer of faucets, sinks, showers and bathroom accessories;
In November 2017, acquired Merlyn, the largest shower room and tray supplier in the UK and Ireland;
اپريل ۾ 2019, acquired House of Plumbing, a pipe material supplier;
مئي ۾ 2022, it acquired Grant Westfield, a manufacturer and distributor of bathroom waterproofing panels.
