REG - Victoria PLC - CEO transition

VictoriaAnnouncement

Wed 07:00

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RNS Number : 4875B  Victoria PLC  01 October 2025

 

Victoria PLC

('Victoria' or the 'Company')

 

CEO transition

 

Victoria PLC, (LSE: VCP) the international designer, manufacturer, and
distributor of innovative flooring, advises that, after nearly nine years in
the role, and following the successful completion of the Group's refinancing
of its 2026 debt maturities, together with a new £130 million super senior
credit facility, Philippe Hamers has proposed to the Plc Board that he retires
from his position as Group CEO around the middle of next year.

 

To ensure a smooth and orderly transition, the Board will begin considering
options for the future management of the Group as Philippe continues to drive
the performance of the business.

 

Management's immediate focus remains on delivering self-help initiatives
outlined at the recent full year results (which, when completed, are expected
to deliver £70m annual EBITDA improvements vs FY2025), generating cash to
deleverage, and rebuilding the Company's credit rating.

 

Further updates will be provided in due course.

 

Geoff Wilding, Chairman, commented:

"Philippe's leadership has seen Victoria transformed from a collection of
high-quality flooring companies into an integrated flooring Group that is
Europe's largest. He has been particularly responsible for the Group's winning
strategy in the UK. As the Board considers its options for a successor, the
objectives will be to maintain the focus on execution, and ensure the Company
delivers value for shareholders."

 

Philippe Hamers, CEO, commented:

"Victoria has built a robust operational leadership team who are committed to
delivering our self-help initiatives over the coming months. I am confident
these initiatives will position the Group to out-perform across the next
cycle."

 

 

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, Chief Executive Officer

 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, Joe Walker

                                         +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, flooring underlay,
rugs, 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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