Victoria PLC Reports Positive Trading Outlook and Board Change

Victoria ( (GB:VCP) ) just unveiled an update.

Victoria PLC has announced a positive trading update for the year ending March 2025, expecting second-half trading to be strengthened by management actions and a slight improvement in demand. The company has successfully reduced its fixed cost base by £12 million and plans further savings of £20 million annually, with anticipated earnings improvements of £32 million in FY2026 and cumulative cost savings of over £80 million by FY2027. These measures, along with increased operational leverage and a correlation with rising housing transactions, are expected to enhance financial performance in the next two years. Additionally, Victoria PLC appointed Joe Scribbins as a Non-Executive Director following the departure of Blake Ressel. Scribbins, who brings significant operational expertise from Koch Equity Development, expresses confidence in optimizing Victoria’s earnings despite current soft demand, reinforcing the company’s strong market position and future growth potential.

More about Victoria

Victoria PLC is an international manufacturer and distributor of innovative flooring products, headquartered in Worcester, UK. Established in 1895 and listed since 1963, Victoria designs, manufactures, and distributes a range of carpet, flooring underlay, ceramic tiles, luxury vinyl tile (LVT), artificial grass, and flooring accessories. The company operates across the UK, Spain, Italy, Belgium, the Netherlands, Germany, Turkey, the USA, and Australia, employing approximately 6,300 people across more than 30 sites. Victoria is noted as Europe’s largest carpet manufacturer and the second largest in Australia, as well as the largest manufacturer of underlay in both regions.

YTD Price Performance: 64.43%

Average Trading Volume: 2,514,184

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £113.5M

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