Victoria PLC (LSE:VCP) has reported a resilient performance for the first half of the year, navigating challenging macroeconomic conditions and subdued consumer demand. The group delivered notable margin expansion and increased underlying EBITDA to £53.5 million, reflecting the impact of disciplined cost control and targeted efficiency initiatives.
Although revenue declined by 7% year-on-year, trading momentum showed signs of improvement, with management expecting volumes to recover as market conditions stabilise. Work to restructure the Rugs division and refinance the balance sheet remains ongoing, with a continued focus on driving EBITDA improvements and restoring the company’s credit profile.
Despite some supportive corporate developments, Victoria’s overall outlook continues to be constrained by weak financial metrics and bearish technical signals. Ongoing profitability challenges and unfavourable valuation indicators weigh on the investment case, limiting near-term upside.
More about Victoria
Founded in 1895, Victoria PLC is an international manufacturer and distributor of flooring products, listed on the London Stock Exchange since 1963. Headquartered in Worcester, the company produces a wide range of carpets, underlay, ceramic tiles, luxury vinyl tiles, artificial grass and related accessories. Victoria operates across Europe, the United States and Australia, employing over 5,000 people at more than 30 sites, and is Europe’s largest carpet manufacturer and the second largest in Australia.
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