Victoria (GB:VCP) has released an update.
Victoria PLC, a leading flooring company, has reported its audited financial results for the year ending 30 March 2024, with revenues and earnings meeting market expectations despite a challenging macroeconomic climate. The company has experienced a nearly 14% drop in revenue but has outperformed the wider market in key areas, thanks to cost-saving measures and productivity gains from integration projects. Looking ahead, Victoria PLC maintains a cautious outlook for FY2025 but is equipped with strong operational fundamentals and a robust liquidity position to tackle market normalization.
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