Victoria plc VCP

This firm manufacture and sell flooring products throughout the UK, Australia and Canada. Victoria supply flooring products from artificial grass to carpet and tiles.

10th consecutive year of growth reported today, even though in a cost of living crisis. And price has to do more than 100% gain to touch the highs. Not a bad tuck away job this one.

“Despite challenging macro-economic conditions, Victoria PLC, is set to deliver its tenth consecutive year of revenue and underlying operating profit growth. Total volume sold will exceed 200 million square metres (more than 29,500 football fields) for the first time in the Company’s history with revenues for the year ended 1 April 2023 of more than GBP1.45 billion, alongside continued growth in underlying operating cashflow.”

Probably shouldn’t be ignored down here.

“Whilst we cannot predict precisely when global macro-economic conditions will improve, we can predict that Victoria is well positioned to benefit from that moment and we are therefore confident in stating that the Company will continue to create wealth for shareholders

Starting to get noticed. I would take a look. Got 100% to reach previous highs, and just reported 10th consecutive year of growth.

Go check what the ceo says again and again at the end of most of his news statements.

“Directors are confident in the Company’s ability to continue to create wealth for shareholders.”

The juicy bit…

Victoria PLC, is set to deliver its tenth consecutive year of revenue and underlying operating profit growth. Total volume sold will exceed 200 million square metres (more than 29,500 football fields) for the first time in the Company’s history with revenues for the year ended 1 April 2023 of more than GBP1.45 billion, alongside continued growth in underlying operating cashflow.

Over the last 10 years, Victoria has grown from a UK-centric GBP75 million (revenues) carpet manufacturer to a global flooring company with annual revenues exceeding GBP1.5 billion.

The Group is Europe’s largest carpet manufacturer with best-in-class logistics; it is one of the largest artificial turf manufacturers and distributors with more than EUR100 million of sales; it has built a EUR500+ million ceramics business with sites in Spain, Italy and Turkey that generates industry-leading margins; and, most recently, developed a US distribution business that will contribute more than $400 million of sales to the Group from tiles, LVT, wood, rugs, and artificial turf. This scale of business provides a platform for material earnings and cash flow growth purely from operational improvements and synergy projects.

Despite the macro-economic fears, our fellow investors can rest assured that Victoria has been structured with resilience in mind and is well positioned to navigate a variety of economic environments. Whilst we cannot predict precisely when global macro-economic conditions will improve, we can predict that Victoria is well positioned to benefit from that moment and we are therefore confident in stating that the Company will continue to create wealth for shareholders.

It’s a buy!

Feels like it could break £6 resistance here and head towards highs, still 100% gain to get there.

Wholesale energy prices should come down soon and co’s like Victoria who are manufacturing will benefit no end from it. Even so - they are reporting 10th consecutive year of growth with higher energy.


Buyers taking advantage of this little pullback today. Make no mistake, 10th consecutive year of growth (see above)… this goes higher, tuck it away

Book tightening, higher low in play. Next leg should smash £6 and beyond. 10th consecutive year of growth.

This is a gift down here today in my opinion. I added a few.

10th consecutive year of growth is coming (trading statement), and price has over 100% gain to reach the highs.

Get researching :ok_hand:

Bit downing in debt for my liking… albeit not very up to date figures.

It’s an acquire and expand operation Bob. They can cover the debt, they’re doing over £1.45 billion revenue. They’ve been successful for years with this strategy of acquiring revenue generating complimentary businesses and streamlining them (see recent trading statement bringing manufacturing of a recent one in house to uk) . This has 10 bagged (twice) in last 10 years, even with the debt. The drop after covid was savage, but it went on to recover the highs, it will again once cost of living / inflation comes under control.

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This is when current CEO came in and reshaped the business…

Despite challenging macro-economic conditions, Victoria PLC, is set to deliver its tenth consecutive year of revenue and underlying operating profit growth. Total volume sold will exceed 200 million square metres (more than 29,500 football fields) for the first time in the Company’s history with revenues for the year ended 1 April 2023 of more than GBP1.45 billion, alongside continued growth in underlying operating cashflow.

Earnings enhancing reorganisation of Balta on track

In April 2022, the Company acquired the rugs and UK carpet divisions of Balta Group, together with the internationally-known brand, “Balta” , establishing Victoria as Europe’s largest carpet and rug manufacturer.

The integration of Balta is proceeding successfully with the reorganisation programme on schedule and the Board anticipates completion this calendar year, with a materially positive impact on future earnings and cash flow. The Board expects to realise synergy gains of no less than EUR15 million per annum (+2% margin for the division) upon completion.

looking lively again. plenty dip buying today

Here’s what’s been holding it back. Around 4/5m quid of trades cleared here - delayed from this week - worked order’s probably looking at size and the way price was hugged down below £5 all week. Could ping up quite strong if this is them gone.

Plenty buyers and chart turning up. Looks in better shape

Making its move.

Results are either end of June or July if I recall rightly.

They’ve already stated 10th consecutive year of growth with around £1.45bn revenue - in trading statement other week. Maybe it runs ?

Shorts reducing :face_with_monocle:

They’re closing the short!!

Reported more yesterday

And…