Flooring group Victoria has told shareholders that margins have improved in the past quarter.
‘Q1 trading was in line with the board’s forecast and consistent with consensus expectations for FY24. Demand remains generally stable across the group’s markets and margins are improving in line with a fall in input costs. The company’s integration projects remain on schedule,’ it says.
The group will confirm its full-year results for the year ended 1 April on 15 August 2023. Victoria has confirmed its previous guidance in April and expects group revenues and underlying EBITDA to be in line with consensus market expectations.
Geoff Wilding, Victoria executive chairman; Philippe Hamers, Victoria group chief executive and Brian Morgan, Victoria group cfo will give a live presentation on the results on the Investor Meet Company platform on 16 August at 4.30pm.
