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Victoria PLC appoints turnaround expert Steve Callaghan as Senior Independent Director amid board reshuffle

Story Highlights
  • Victoria PLC appoints experienced turnaround leader Steve Callaghan as Non-Executive and Senior Independent Director.
  • Board change is aimed at accelerating Victoria’s operational recovery and improving profitability for stakeholders.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Victoria PLC appoints turnaround expert Steve Callaghan as Senior Independent Director amid board reshuffle

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An update from Victoria ( (GB:VCP) ) is now available.

Victoria PLC has strengthened its board by appointing seasoned turnaround specialist Steve Callaghan as a Non-Executive Director and Senior Independent Director, while long-serving director Andrew Harrison steps down after 13 years. Callaghan, who brings extensive experience leading growth and recovery at both private and public companies, is expected by Executive Chairman Geoff Wilding to help accelerate Victoria’s operational recovery and support efforts to improve profitability, with Callaghan highlighting the group’s strong brands, cost discipline and earnings-improvement initiatives as a platform to drive higher EBITDA margins and long-term value for stakeholders.

The most recent analyst rating on (GB:VCP) stock is a Sell with a £36.00 price target. To see the full list of analyst forecasts on Victoria stock, see the GB:VCP Stock Forecast page.

Spark’s Take on GB:VCP Stock

According to Spark, TipRanks’ AI Analyst, GB:VCP is a Underperform.

Victoria’s overall stock score is primarily impacted by its poor financial performance, characterized by declining revenues and high leverage. Technical indicators suggest a bearish trend, and valuation metrics are unattractive due to negative profitability. While strategic initiatives from the earnings call show potential, they are not enough to offset the current financial and market challenges.

To see Spark’s full report on GB:VCP stock, click here.

More about Victoria

Victoria PLC is a Worcester, UK-headquartered international manufacturer and distributor of innovative flooring products, including carpet, underlay, ceramic tiles, luxury vinyl tile (LVT), artificial grass and flooring accessories. Founded in 1895 and listed on AIM, the company operates more than 30 sites across the UK, Spain, Italy, Belgium, the Netherlands, Germany, Turkey, the USA and Australia, employing over 5,000 people. Victoria is Europe’s largest carpet manufacturer, the second largest in Australia, and the largest manufacturer of underlay in both regions, pursuing a strategy of value creation through acquisitions and sustainable organic growth.

Average Trading Volume: 282,320

Technical Sentiment Signal: Sell

Current Market Cap: £44.93M

See more insights into VCP stock on TipRanks’ Stock Analysis page.

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