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Victoria flags stronger trading and accelerated savings
January 8, 2025
Major flooring manufacturer Victoria plc has confirmed it is expecting stronger trading and a small uplift in consumer demand as the company looks ahead in 2025.
In a trading report to shareholders, the plc commented: "While consumer demand remains subdued, we continue to expect H2 trading to be stronger, driven by management actions alongside a small improvement in demand, with full-year FY2025 earnings expected to be in line with consensus market expectations."
"We are encouraged by the progress of the company's initiatives to improve productivity and take market share, which continue to positively impact profitability," it said, offering a schedule which showed strong progress on cost reduction of £12m in the last six months and with additional savings set to total £32m per year.
The company's financial year ends 30 March 2025.
Victoria's share price has shown substantial recovery in recent weeks following key investor support, with shares trading at c. 120p this week after hitting a low in early December of around 40p.
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