A strong second half performance in both the UK and South Africa is expected to push annual sales higher at Norcros, the Cheshire bathroom accessory and tile supplier.
The business said revenue for the year to 31 March 2015 would be about £221m, up from £218.7m a year ago. Sales in the UK increased by 0.7 per cent, benefitting from new housebuilding activity.
In South Africa, Wilmslow-headquartered Norcros enjoyed a 15 per cent hike in annual sales on a constant currency basis helped by the stabilising South African Rand.
The company added closing net debt is expected to be below market expectations at £15m, down from £26.9m in 2014. This includes the £6.5m proceeds from the recent sale of surplus freehold properties.
Norcros is a supplier of showers, taps, bathroom accessories, ceramic wall and floor tiles and adhesive products with operations primarily in the UK and South Africa. Its brands include Triton Showers and Johnson Tiles.
The listed company's full year results will be announced in June.