Flooring manufacturer Victoria PLC has reported “stable” demand during the first quarter with trading in line with expectations.

According to its latest trading update, Victoria said that performance 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,” the group said.

As for its full year results for the period ended 1 April 2023, Victoria will announce these soon but stated that revenues and underlying EBITDA are expected to be in line with consensus market expectations.