Victoria PLC, the international designer, manufacturer and distributor of flooring, has reported that trading continues to be in line with expectations.

According to its latest update at its Annual General Meeting (AGM), the group said that it has completed the refinancing of the Company’s 2026 senior debt maturities last month on “attractive terms”.

“Trading conditions continue to be in line with those highlighted at the time of the FY2025 results announcement in July, and the Board remains confident in the medium-term recovery of both volume and pricing across its end-markets,” Victoria said.

“Management’s immediate focus remains on delivering self-help initiatives outlined at the recent full year results (which once complete are expected to deliver £70m annual EBITDA improvements vs FY2025), generating cash to deleverage, and rebuilding the Company’s credit rating.”

Executive Chairman Geoff Wilding added: “The refinancing was an important step following a challenging macro-environment over the previous two years, and provides the flexibility to drive significant operating improvements across the business to take full advantage of the next cycle as it emerges.”