Victoria says margins are improving after costs fall
August 1, 2023
Major flooring plc Victoria says consumer demand is "stable" and margins have improved as costs fall.
In the latest trading update statement to investors ahead of its full year results announcement on August 15, Victoria said: "Q1 trading 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 international plc said in its full-year trading statement back in Aprl: “Despite challenging macro-economic conditions, Victoria PLC, is set to deliver its tenth consecutive year of revenue and underlying operating profit growth with revenues for the year ended 1 April 2023 of more than £1.45 billion, alongside continued growth in underlying operating cashflow.”
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