Victoria achieves "record" revenue despite softer demand
15th Aug 2023 09:10
(Alliance News) - Victoria PLC on Tuesday said it has achieved "record" demand in its recent financial year, despite a "testing backdrop." Read More
(Alliance News) - Victoria PLC on Tuesday said it has achieved "record" demand in its recent financial year, despite a "testing backdrop." Read More
(Alliance News) - Blue-chip European equities ended lower on Tuesday, with weaker manufacturing data weighing on stock markets, while the dollar was on the up, benefitting from the cautious mood. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday. Read More
(Alliance News) - Flooring manufacturer Victoria PLC on Tuesday said its first quarter went to plan and demand "remains generally stable". Read More
Victoria PLC - Kidderminster, England-based designer, manufacturer and distributor of flooring - Expects revenue and underlying earnings before interest, tax, depreciation and amortisation for the year ended April 1 to be in-line with market expectations. Says the latest company-complied view of analyst expectations see revenue in the range of GBP1.36 billion to GBP1.52 billion, and underlying Ebitda in the range of GBP196 million to GBP203 million. Notes that total volume sold in the year exceeded 200 million square metres for the first time in a company first. Reports revenue of more than GBP1.45 billion, as a result. Confident outlook for financial 2024 following actions to mitigate near-term macroeconomic pressures from influencing consumer demand. Read More
(Alliance News) - Victoria PLC on Tuesday said it is confident to achieve financial year 2023 performance in line with market expectations. Read More
Victoria PLC - Worcestershire, England-based flooring manufacturer - Buys Florida-based flooring distributor International Wholesale Tile LLC for USD28.5 million. Says the acquisition will be immediately earnings and cash flow accretive. Read More
Victoria PLC - Worcestershire, England-based flooring manufacturer - Says it continues to trade well for the six months ended October 1. Says half-year revenue was in excess of GBP700 million, and earnings before interest, tax, depreciation and amortisation were in excess of GBP100 million, in line with consensus market expectations for financial 2023. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday. Read More
Victoria PLC - Worcestershire, England-based flooring manufacturer - Says it is trading in line with expectations, with revenue, earnings and cash flow all in line with market forecasts. Says it continues to successfully navigate the "current challenging macroeconomic environment" with service improvement, input cost hedging and price increases "where necessary". Read More
(Alliance News) - Stocks were called higher on Friday morning, as the UK mourned the death of the Queen and after a major interest rate hike from the European Central Bank. Read More
Victoria PLC - Worcestershire, England-based flooring manufacturer - Pretax loss widens to GBP12.4 million in the year which ended April 2, from GBP7.5 million the year before, as other operating expenses jump 67% to GBP270.8 million from GBP162.2 million. Revenue rises 54% to GBP1.02 billion from GBP662.3 million. Says it traded strongly in the year, due to an improved market position, improved productivity, weaker competition and a return in commercial demand. Does not declare dividend for financial 2022, unchanged from last year. Warns of inflationary pressures, a higher corporate tax in some jurisdictions, and declining consumer confidence. Remains confident it can create wealth for shareholders. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday: Read More
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
Victoria PLC - Worcestershire, England-based flooring manufacturer - Completes the acquisition of the Rugs and UK Carpet divisions of Sint-Baafs-Vijve, Belgium-based flooring company Balta Group NV. Says the divisions generated total revenue of EUR307.0 million and normalised earnings before interest, tax, depreciation, and amortization of EUR35.5 million in the year to March 31, 2021. Says the acquisition will be immediately earnings-accretive. Read More
IN BRIEF: Victoria completes GBP150 million Koch equity investment Read More
UK shareholder meetings calendar - next 7 days Read More