A global designer and supplier of flooring products in Worcester (UK), has reported a pre-tax loss of £11.5m for the financial year ending 29 March 2025, following a profit of £31.1m the year prior. Sales dropped slightly to £1.1bn from £1.2bn, while underlying EBITDA fell to £113.7m from £159m.
© Victoria PLC
The company, Victoria PLC, cited persistent macroeconomic challenges across key markets, with demand remaining 15–25% below 2019 levels. Lower volumes and reduced operational leverage impacted profitability, although there are "tentative signs of stabilisation", especially in the UK and Southern Europe. Despite overall volumes remaining behind, average selling prices in Q1 have risen compared to last year.
Executive Chairman Geoff Wilding noted that Q4 was the most profitable quarter of the year, crediting strategic "self-help initiatives" for margin improvements. He added: 'The Board and management remain focused on factors within our control... ensuring the Group emerges stronger regardless of the pace or shape of the macro recovery.'
Looking ahead, Victoria plans to continue cost-control measures aimed at improving earnings, cash flow, and return on capital, as the company seeks to navigate ongoing economic uncertainty.
Source: www.bigfurnituregroup.com
