Flooring firm witnessing strong resurgence

Victoria PLC, the international designers, manufacturers and distributors of flooring, expects Group revenues and underlying profits to be ahead of market forecasts for the financial year ended 2 April 2022.

The Group now expects revenues to be in excess of £970m (FY21: £662.3m), underlying EBITDA in excess of £155m (FY21: £127.4m), and underlying EBIT in excess of £100m (FY21: £79.8m).

Looking ahead, Victoria said demand for its products remains ‘robust across our markets’, with consistent demand from consumers driving retailer channels.

Furthermore, the Group is also witnessing a strong resurgence in commercial demand (hospitality, offices, leisure, home construction).

Executive Chairman Geoff Wilding said: “There are operating challenges every year and FY2023 will be no different. However, we have invested carefully over the last nine years and Victoria is in a strong position to meet those challenges and capitalise upon them. As a result, the Board expects EBITDA to be in excess of £200 million over the coming year.”

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