Victorian Plumbing plunges on slower revenue growth forecast

Victorian Plumbing

14/05/2025 13:38

** Shares of British bathroom retailer Victorian Plumbing VIC.L down 16.8% at 89.4p

** Stock on track for biggest pct. fall since Dec 2021

** Co expects rev. growth rate to reduce from mid-May, weighed down by Victoria Plum acquisition, sees rev. growth between 4% and 6% by year end

** Expects FY adj. PBT between 21 million pounds ($27.98 million) and 22 million pounds, which includes the set-up and launch of one of co's brands, MFI

** Peel Hunt cuts PT to 110p from 120p, downgrades rating to "hold" from "buy"

** Stock down 3.6% YTD

($1 = 0.7505 pounds)

(Reporting by Nithyashree  R B)

((NithyashreeRB@thomsonreuters.com;))