VCP Victoria Plc

TIDMVCP

RNS Number : 7946E

Victoria PLC

15 April 2014

15 April 2014

Victoria PLC

('Victoria,' the 'Company,' or the 'Group')

Trading Update

Victoria PLC, (LSE: VCP) the international designers, manufacturers and distributors of innovative floorcoverings, provides the following positive update on trading for the financial year ended 29 March 2014.

Trading

The Board are pleased to announce that the Group's profits before tax and exceptional items are likely to be ahead of market expectations for the full year to 29 March 2014, as a result of continued improvements in like-for-like group profitability and including the impact of the acquisition of the Globesign group.

We are also pleased to report that the inclusion of the Globesign group from 13 December 2013 is on target for producing the benefits as contained in the Circular, dated 26 November 2013, in connection with the acquisition of that group.

As comparators to the information disclosed in the Admission document dated 26 November 2013, Globesign's turnover for their 12 months to 1 March 2014 was GBP18.7m, and their estimated profit before tax, based on unaudited management accounts for that period was GBP4.5m. However these are extracts of the Globesign's group performance for the 13 months to 29 March 2014, of which the Group's share will be from 13 December 2013 only.

For more information contact:

 
 Victoria PLC                                 +44 (0) 15 6274 
  Geoff Wilding                                9300 
  Cantor Fitzgerald Europe 
   Rick Thompson, David Foreman (Corporate 
   finance)                                    +44 (0) 20 7894 
   Richard Redmayne (Corporate broking)         7000 
 
   MHP 
   Nick Denton                                  +44 (0) 20 3128 
   Vicky Watkins                                8100 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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