Victoria PLC Pre-Close Trading Update (4674L)
28 Abril 2015 - 3:01AM
UK Regulatory
TIDMVCP
RNS Number : 4674L
Victoria PLC
28 April 2015
28 April 2015
Victoria PLC
('Victoria,' the 'Company,' or the 'Group')
Pre-Close Trading Update
Victoria PLC, (LSE: VCP) the international designers,
manufacturers and distributors of innovative floorcoverings, is
pleased to provide the following update on trading for the
financial year ended 28 March 2015, ahead of its preliminary
results announcement in July 2015.
Trading
The Board announces that the Group's profit before tax and
exceptional items is likely to be ahead of current market
expectations for the full year to 28 March 2015.
The Group's performance has benefited especially from
operational synergies that have resulted from the recent Group
acquisitions, which have started to benefit gross profit margins
and overheads in the last quarter of the financial year. The first
few weeks of the new financial year have also started well, and the
Board expect to see a continuation of the benefits from operational
synergies throughout the year.
New Bank Facilities
We are also pleased to announce that the Company has agreed a
new multi-currency revolving facility with its existing Group
bankers, Barclays and HSBC, which has replaced existing facilities
and provides substantial headroom for future growth.
For more information contact:
Victoria PLC +44 (0) 15 6274
Geoff Wilding 9300
Cantor Fitzgerald Europe
Rick Thompson, David Foreman (Corporate
Finance)
David Banks, Tessa Sillars (Corporate +44 (0) 20 7894
Broking) 7000
MHP
Nick Denton +44 (0) 20 3128
Adam Leviton 8100
Gina Bell victoria@mhpc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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