Victoria cuts earnings guidance as weak January trading hits revenues

(Sharecast News) - Floorings business Victoria warned on Monday that full‑year underlying earnings would fall short of previous expectations after a weaker‑than‑anticipated start to January, with trading hit by subdued consumer confidence and lower footfall across key markets. Victoria now expects fourth‑quarter revenues to undershoot earlier guidance and come in around 5% below the prior year, with post‑IFRS16 EBITDA forecast at roughly £95m for FY26.

The AIM-listed firm said more than half of the drop stemmed from lower rugs shipments as production shifts from Belgium to Turkey, partly offset by market‑share gains in UK Carpets and strong trading in Australia. Excluding rugs, revenue slipped around 1.5%.

Victoria stated its immediate focus remained on EBITDA improvement initiatives and said it was currently adapting to a lower‑volume environment with tighter governance and efficiency measures.

Victoria also said it was continuing to work on strengthening its capital structure, progress refinancing plans and advance cash‑generation initiatives, including property disposals and reductions in receivables and inventory.

As of 0920 GMT, Victoria shares were down 3.83% at 25.10p.













Reporting by Iain Gilbert at Sharecast.com