25th Feb 2025 11:15
(Alliance News) - Victorian Plumbing Group PLC on Tuesday said thanks to its new distribution centre and improved offering, revenue has seen 5% growth since the beginning of its financial year in October.
The Lancashire, England-based bathroom retailer said its new semi-automated distribution centre, completed in December 2024, has enabled the company to make further progress, seeing the rate of revenue growth improve for January.
Victorian Plumbing anticipates said rate to increase further again in February as its improved offering has been "well received" by customers.
For the first 21 weeks of the financial year ending September 30, 2025, Victorian Plumbing expects revenue growth of up to 5% compared with the same period a year prior. It also expects Tiles & Decor to grow by 30% during the period.
Victorian Plumbing will publish its half-year results on March 31.
Shares in the company were flat at 92.00 pence in London on Tuesday morning.
By Eva Castanedo, Alliance News reporter
Comments and questions to [email protected]
Copyright 2025 Alliance News Ltd. All Rights reserved.