REG - Victoria PLC - AGM Statement

VictoriaAnnouncement

Today 07:02

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RNS Number : 0971Y  Victoria PLC  05 September 2025

 

Victoria PLC

('Victoria' or the 'Company')

 

AGM Statement

 

Victoria PLC (LSE: VCP), the international designer, manufacturer and
distributor of innovative flooring, provides an update to shareholders ahead
of its Annual General Meeting ('AGM') to be held today at the offices of Brown
Rudnick LLP, 8 Clifford Street, London, W1S 2LQ at 12.00 pm BST.

 

The Board was pleased to complete the refinancing of the Company's 2026 senior
debt maturities last month on attractive terms. Trading conditions continue to
be in line with those highlighted at the time of the FY2025 results
announcement in July, and the Board remains confident in the medium-term
recovery of both volume and pricing across its end-markets. Management's
immediate focus remains on delivering self-help initiatives outlined at the
recent full year results (which once complete are expected to deliver £70m
annual EBITDA improvements vs FY2025), generating cash to deleverage, and
rebuilding the Company's credit rating.

 

Executive Chairman Geoff Wilding commented: "The refinancing was an important
step following a challenging macro-environment over the previous two years,
and provides the flexibility to drive significant operating improvements
across the business to take full advantage of the next cycle as it emerges."

 

For more information contact:

 

 Victoria PLC                                                              www.victoriaplc.com/investors-welcome

                                                                         (http://www.victoriaplc.com/investors-welcome)
 Geoff Wilding, Executive Chairman

                                                                         Via Walbrook PR
 Philippe Hamers, Group Chief Executive

 Alec Pratt, Chief Financial Officer

 Singer Capital Markets (Nominated Adviser & Joint Broker)                 +44 (0)20 7496 3095

 Rick Thompson, Phil Davies, James Fischer

 Berenberg (Joint Broker)                                                  +44 (0)20 3207 7800

 Ben Wright, Harry Nicholas, Tom Ballard

 Walbrook PR (Joint Investor Relations)  +44 (0)20 7933 8780 or victoria@walbrookpr.com

                                       (mailto:victoria@walbrookpr.com)
 Paul McManus, Alice Woodings

                                         +44 (0)7980 541 893 / +44 (0)7407 804 654

 Edelman Smithfield (Joint Investor Relations)                             +44 (0)7970 174 252 or

 Alex Simmons                                                              alex.simmons@edelmansmithfield.com (mailto:alex.simmons@edelmansmithfield.com)

 

About Victoria PLC (www.victoriaplc.com (http://www.victoriaplc.com) )

 

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 Company, which is headquartered in Worcester, UK,
designs, manufactures and distributes a range of carpet, rugs, flooring
underlay, ceramic tiles, LVT (luxury vinyl tile), artificial grass and
flooring accessories.

 

Victoria has operations in the UK, Spain, Italy, Belgium, the
Netherlands, Germany, Turkey, the USA, and Australia and employs
approximately 5,350 people across more than 30 sites. Victoria is Europe's
largest carpet manufacturer and the second largest in Australia, as well as
the largest manufacturer of underlay in both regions.

 

The Company'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.

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