Victoria PLC AGM statement (5362Y)
10 Setembro 2020 - 3:00AM
UK Regulatory
TIDMVCP
RNS Number : 5362Y
Victoria PLC
10 September 2020
10 September 2020
Victoria PLC
('Victoria,' the 'Company,' or the 'Group')
AGM statement - Resilient Trading
Victoria PLC (LSE: VCP) the international designers,
manufacturers and distributors of innovative flooring, is pleased
to announce the following trading statement ahead of its AGM to be
held later today.
Trading has continued to be resilient since it last updated the
market in July and demand has recovered in all its principal
markets. This is reflected in the Board's view that consumers are
prioritising spending on improving and refreshing their homes
following the lockdown. The Group continues to carefully manage
expenses and cash flow to ensure it maintains its strong balance
sheet given the current economic conditions.
Victoria's Annual General Meeting is being held at 2.00pm today
as a closed meeting in light of current UK Government measures
around COVID-19.
The Group will provide a full update on trading for the 27 weeks
ended 3 October 2020 when it announces its Interim Results on 30
November 2020.
- Ends -
For more information contact:Victoria PLC
Geoff Wilding, Executive Chairman
Philippe Hamers, Group Chief Executive
Michael Scott, Group Finance Director +44 (0) 1562 749 300
N+1 Singer (Nominated Adviser and Joint
Broker)
Rick Thompson, Phil Davies, Steve Pearce,
Alex Bond +44 (0) 207 496 3095
Berenberg (Joint Broker)
Ben Wright, Mark Whitmore
Peel Hunt (Joint Broker)
Adrian Trimmings, Andrew Clark +44 (0) 203 207 7800
Buchanan Communications (Financial PR) +44 (0) 207 418 8900
Charles Ryland, Chris Lane, Tilly Abraham +44 (0) 20 7466 5000
About Victoria
Established in 1895 and listed since 1963 and on AIM since 2013
(VCP.L), Victoria PLC, is an international manufacturer and
distributor of innovative flooring products. The Group, which is
headquartered in Kidderminster, UK, designs, manufactures and
distributes a range of carpet, flooring underlay, ceramic tiles,
LVT (luxury vinyl tile), artificial grass and flooring accessories.
Victoria has operations in the UK, Spain, Italy, Belgium, the
Netherlands and Australia and employs approximately 3,400 people
across more than 20 sites. Victoria is the UK's largest carpet
manufacturer and the second largest in Australia, as well as the
largest manufacturer of underlay in both regions.
The Group's strategy is designed to create value for its
shareholders and is focused on consistently increasing earnings and
cash flow per share via acquisitions and sustainable organic
growth.
The Group's trading subsidiaries, as set out segmentally,
include:
UK & Europe Abingdon Flooring Ltd, Alliance Flooring Distribution
- Soft Flooring: Ltd, Avalon B.V, Distinctive Flooring Ltd, Estillon
B.V, Ezi Floor Ltd, G-tuft Ltd, Grass Inc. B.V, Interfloor
Ltd, Millennium Weavers N.V, Victoria Carpets Ltd,
View Logistics Ltd, Venture Floorcoverings Ltd, Westex
(Carpets) Ltd
UK & Europe Ascot Gruppo Ceramiche srl, Ceramica Saloni S.A.,
- Ceramic Ceramiche Serra S.p.A., Nueva Iberoceramica S.L.,
Tiles: Keraben Grupo S.A.U.
Australia: Primary Flooring Pty Ltd, Quest Flooring Pty Ltd,
The Victoria Carpet Company Pty Ltd
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END
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September 10, 2020 02:00 ET (06:00 GMT)
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