REG - Victoria PLC - AGM Statement

VictoriaAnnouncement

25/07/2024 07:00

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RNS Number : 7228X  Victoria PLC  25 July 2024

Victoria PLC

('Victoria' or the 'Company')

 

AGM Statement

 

Victoria PLC (LSE: VCP), the international designers, manufacturers and
distributors of innovative flooring, provides an update to shareholders ahead
of its Annual General Meeting ('AGM') to be held today at its offices
Worcester Six Business Park, Worcestershire, WR4 0AN at 2 p.m. BST.

 

Executive Chairman Geoff Wilding commented: "The Board believes that during Q1
the Group continued to outperform many competitors but notes that demand
remains uncertain across most of the Group's main markets. Consequently, as we
noted in June alongside our FY 2024 results, we remain cautious about
near-term trading conditions, whilst anticipating a robust recovery as wage
growth catches up with recent consumer inflationary pressures, consumer
confidence continues to improve, housing transactions increase, and interest
rates fall."

 

For more information contact:

 

 Victoria PLC                                                                   www.victoriaplc.com/investors-welcome

                                                                              (http://www.victoriaplc.com/investors-welcome)
 Geoff Wilding, Executive Chairman

                                                                              Via Walbrook PR
 Philippe Hamers, Group Chief Executive

 Brian Morgan, Chief Financial Officer

 Singer Capital Markets (Nominated Adviser and Joint Broker)                    +44 (0)20 7496 3095

 Rick Thompson, Phil Davies, James Fischer

 Berenberg (Joint Broker)                                                       +44 (0)20 3207 7800

 Ben Wright, Richard Bootle

 Walbrook PR (Media & Investor Relations)      +44 (0)20 7933 8780 or victoria@walbrookpr.com

 Paul McManus, Louis Ashe-Jepson,              +44 (0)7980 541 893 / +44 (0)7747 515 393 /

 Alice Woodings                                +44 (0)7407 804 654

 

About Victoria PLC (www.victoriaplc.com (http://www.victoriaplc.com) )

 

Established in 1895 and listed since 1963 and on AIM since 2013 (VCP.L),
Victoria PLC, is an international manufacturer and distributor of innovative
flooring products. The Company, which is headquartered in Worcester, UK,
designs, manufactures and distributes a range of carpet, flooring underlay,
ceramic tiles, LVT (luxury vinyl tile), artificial grass and flooring
accessories.

 

Victoria has operations in the UK, Spain, Italy, Belgium, the
Netherlands, Germany, Turkey, the USA, and Australia and employs
approximately 6,300 people across more than 30 sites. Victoria is Europe's
largest carpet manufacturer and the second largest in Australia, as well as
the largest manufacturer of underlay in both regions.

 

The Company's strategy is designed to create value for its shareholders and is
focused on consistently increasing earnings and cash flow per share via
acquisitions and sustainable organic growth.

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