Victoria plc, one of the UK’s largest flooring groups, has provided its trading update for the six-month period ended 27 September 2025. According to the company, demand across its markets “remained soft” with an increase in average prices partially offsetting year-on-year volume drops. Revenue for the first half of the year was therefore 7% behind last year’s figures, though the trend throughout the period has been positive, with Q2 seeing a much smaller decline than Q1.
Targeted cost-saving initiatives, however, have “more than” offset the impact of these lower volumes, the company says. Its underlying EBITDA improved to £53m, compared to £50m for the same period last year. The trading update continues: “The board continues to expect an improving trend in year-on-year revenue performance in H2, although the board reminds mindful of external risks, including softening US consumer confidence, political developments in France, ongoing weakness in the USD and AUD, and uncertainty surrounding the forthcoming UK budget.”
As a result, it says, Victoria expects its overall revenue to decline “slightly” in 2026 compared to this year. However, actions taken this year are expected to drive margins and underlying EBITDA ahead of last year. The company will continue targeting further cost-savings through the balance of the year and into 2027.
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