RCS - Victoria PLC - Senior Notes - Moody's revises outlook upwards

VictoriaAnnouncement

22/12/2021 07:00

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RNS Number : 4140W  Victoria PLC  22 December 2021

For Immediate
Release
         22 December 2021

 

Victoria PLC

('Victoria' or the 'Group')

Senior Notes - Moody's revises outlook upwards on improving operating
performance and re-affirms credit rating

Victoria PLC (LSE: VCP) the international designers, manufacturers and
distributors of innovative flooring, is pleased to announce that, Moody's have
formally improved their view of the outlook for Victoria's 2026 and 2028
Senior Notes based on the strong trading performance of the Group and its
track record of successfully integrating acquisitions.

 

This move follows a similar decision by the other two rating agencies,
Standard & Poor and Fitch, who upgraded their outlook in September and
June respectively.

 

The full Moody's announcement (registration required) can be viewed at:

https://www.moodys.com/research/Moodys-changes-Victorias-outlook-to-stable-from-negative--PR_460324
(https://urldefense.proofpoint.com/v2/url?u=https-3A__www.moodys.com_research_Moodys-2Dchanges-2DVictorias-2Doutlook-2Dto-2Dstable-2Dfrom-2Dnegative-2D-2DPR-5F460324&d=DwMFAg&c=24Pv9SDmf15C3K1GQEblf0-dR4hG0m_5jejOBrkAV6M&r=H5pZvoHqRrEEIeYhGTu_Pih4BPwk6Dqr-q8cPUSyGjA&m=VzO0Ud6_Qt_eSkuz6k1wlrQpvpUHCLNVAZUzUwVR3Drw-rZhMc8wOeLPSCLjtGNd&s=8tc1ErcJS55xWCeeoiwaozwpO4HjXaiD9PNdOIm7OrE&e=)

 

 For more information contact:

Victoria PLC                                                   +44 (0) 1562 749 610

 Geoff Wilding, Executive Chairman

 Philippe Hamers, Group Chief Executive

 Michael Scott, Group Finance Director

 Singer Capital Markets (Nominated Adviser and Joint Broker)    +44 (0) 207 496 3095

 Rick Thompson, Phil Davies, Alex Bond

 Berenberg (Joint Broker)                                       +44 (0) 203 207 7800

 Ben Wright, Mark Whitmore

                                                                +44 (0) 207 418 8900

 Peel Hunt (Joint Broker)

 Adrian Trimmings, Andrew Clark                                 +44 (0) 20 7466 5000

 Buchanan Communications (Financial PR)

 Charles Ryland, Chris Lane, Vicky Hayns, Tilly Abraham

 

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, the
 United States and Australia and employs approximately 4,000 people across more
 than 26 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. (Further information about
 Victoria can be found on its website, www.victoriaplc.com.)

 

 

 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, the
 United States and Australia and employs approximately 4,000 people across more
 than 26 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. (Further information about
 Victoria can be found on its website, www.victoriaplc.com.)

 

 

 

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