Q1 Trading Update and Notice of Full Year Results

Victoria PLC

01 August 2023

 

Victoria PLC

('Victoria', 'the Company', or 'the Group')

Q1 Trading Update

and

Notice of Full Year Results

Investor presentation

Q1 Trading Update

Victoria PLC (LSE: VCP), the international designer, manufacturer and distributor of innovative flooring, confirms that Q1 trading was in line with the Board's forecast and consistent with consensus expectations for FY24. Demand remains generally stable across the Group's markets and margins are improving in line with a fall in input costs. The Company's integration projects remain on schedule.

Full Year Results

The Company announces that it intends to release its full year results for the year ended 1 April 2023 on 15 August 2023. The Board confirms the guidance stated in the Group's Full Year Trading Update on 25 April, and expects Group revenues and underlying EBITDA for the financial year ended 1 April 2023 to be in line with consensus market expectations.

Analyst briefing

A briefing for analysts is proposed to take place in London 15 August 2023. To register and for more details please contact Walbrook PR on [e-mail].

Investor presentation

Geoff Wilding, Executive Chairman, Philippe Hamers, Group Chief Executive and Brian Morgan, Group Chief Financial Officer intends to provide a live presentation relating to full year results via the Investor Meet Company platform on 16 August 2023 at 4.30pm BST.

The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation. Investors can sign up to Investor Meet Company for free and add to meet Victoria PLC here.

Investors who already follow Victoria PLC on the Investor Meet Company platform will automatically be invited.

The results presentation will be made available on the Company's website on the day of results here.

For more information contact:

Victoria PLC Geoff Wilding, Executive Chairman Philippe Hamers, Group Chief Executive Brian Morgan, Chief Financial Officer		www.victoriaplc.com/investors-welcome Via Walbrook PR
Singer Capital Markets (Nominated Adviser and Joint Broker) Rick Thompson, Phil Davies, James Fischer		[phone]
Berenberg (Joint Broker) Ben Wright, Richard Bootle		[phone]
Peel Hunt (Joint Broker) Adrian Trimmings, Andrew Clark		[phone]
Walbrook PR (Media & Investor Relations) Paul McManus, Louis Ashe-Jepson, Alice Woodings	[phone] or [e-mail] [phone] / [phone] / [phone]

About Victoria PLC (www.victoriaplc.com)

Established in 1895 and listed since 1963 and on AIM since 2013 (VCP.L), Victoria PLC, is an international manufacturer and distributor of innovative flooring products. The Company, which is headquartered in Kidderminster, UK, designs, manufactures and distributes a range of carpet, flooring underlay, ceramic tiles, LVT (luxury vinyl tile), artificial grass and flooring accessories.

Victoria has operations in the UK, Spain, Italy, Belgium, the Netherlands, Germany, Turkey, the USA, and Australia and employs approximately 5,800 people across 31 sites. Victoria is Europe's largest carpet manufacturer and the second largest in Australia, as well as the largest manufacturer of underlay in both regions.

The Company's strategy is designed to create value for its shareholders and is focused on consistently increasing earnings and cash flow per share via acquisitions and sustainable organic growth.

 

END