Updates

Victoria - Eps of 46.3p forecast for next year

August 2022

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

FY22 was a good year for Victoria with organic growth of 19.1% (split 50:50 between volumes and price increases) showing that the increase in sales was not all acquisitive. Sales were up 54% to £970m, underlying pretax profit by 47% to £73.8m and EBITDA by 22% to £155m.Victoria is clearly not immune from cost pressures, especially energy (mainly in Spain and Italy) and synthetic yarns but chairman Geoff Wilding tells me he managed raw material cost increases primarily with price increases. EBITDA margins in FY22 dipped to 16% from 19.2% in FY21 mainly due to the inclusion of Kali (a distribution business in the US, which has lower-than-average 6% margins).There is clearly huge stress on the consumer spending appetite, with hi ...

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Mpac

Bloomsbury Publishing

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Victoria PLC is a leading designer, manufacturer and distributor of innovative flooring products. The Group has operations in the UK, Europe and Australia, employing approximately 2,600 people across more than 20 sites.