Victoria PLC, an international flooring designer, manufacturer, and distributor, has reported a slowdown in sales due to weak consumer confidence and low footfall in key markets across Western Europe, North America, and the UK.
© Victoria PLC
- Revenue trend: Q3 improved to a ~3% decline year-on-year, compared to ~7% in H1. Excluding Rugs, Q3 revenue fell ~1.5%.
- Impact factors: Revenue decline largely driven by Rugs manufacturing relocation from Belgium to Turkey, partially offset by UK Carpets market share gains and strong performance in Australia.
- Profit guidance: FY26 post-IFRS16 EBITDA expected ~£95m, down from previous guidance of £110.7m.
- Growth initiatives: First sales from the new V4 ceramics line in Spain expected to improve EBITDA in FY27. Integration of UK Underlay and Australian businesses on track for March completion.
- Strategy: Board emphasises adapting to lower volumes, efficiency improvements, and stronger governance measures to compete domestically and internationally.
Victoria PLC remains focused on operational improvements and new product launches to support future growth despite current headwinds.
Source: www.bigfurnituregroup.com
