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Victoria ( (GB:VCP) ) just unveiled an update.
Victoria PLC announced its trading and outlook update for the year ending March 30, 2025, indicating that while consumer demand remains subdued, the company expects stronger trading in the second half of the year. The company attributes this to management actions and a slight improvement in demand, projecting full-year earnings to align with market expectations. Significant cost-saving measures are underway, expected to yield substantial financial benefits in future years. Additionally, Joe Scribbins was appointed as a Non-Executive Director following the resignation of Blake Ressel, with the new director expected to contribute operational expertise to Victoria’s ongoing projects aimed at maximizing earnings.
More about Victoria
Victoria PLC, established in 1895 and listed since 1963, is an international manufacturer and distributor of innovative flooring products, headquartered in Worcester, UK. The company designs, manufactures, and distributes a range of flooring products such as carpets, underlays, ceramic tiles, and luxury vinyl tiles, with operations in multiple countries including the UK, Spain, and the USA. Victoria is Europe’s largest carpet manufacturer and follows a strategy focused on increasing earnings and cash flow through acquisitions and sustainable organic growth.
YTD Price Performance: 64.43%
Average Trading Volume: 2,514,184
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £113.5M
See more insights into VCP stock on TipRanks’ Stock Analysis page.
