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Pin to quick picksVictoria Share News (VCP)

Share Price Information for Victoria (VCP)

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Share Price: 175.20
Bid: 175.20
Ask: 177.00
Change: 2.00 (1.15%)
Spread: 1.80 (1.027%)
Open: 171.20
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TRADING UPDATES: Victoria's revenue record; TClarke hails order book

Tue, 20th Jul 2021 18:45

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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Victoria PLC - Worcestershire-headquartered flooring firm - Posts revenue of GBP662.3 million in year ended April 3, up 6.6% from GBP621.5 million a new record for company. Pretax loss narrows to GBP7.5 million from GBP65.6 million as exceptional costs down 98% to GBP7.1 million from GBP57.8 million. "The main reason for the significant year-on-year decrease was a GBP50 million goodwill impairment recognised in the prior year following the start of the Covid pandemic," Victoria says. Pays no dividend, like in prior year. Victoria says: "It remains the board's view (as it has been for the last eight years) that it can continue to deploy capital to optimise the creation of wealth for shareholders, and therefore it has again resolved not to pay a final dividend for FY2021."

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TClarke PLC - London-based building services company - Revenue in six months to June 30 rises 30% to GBP138.2 million from GBP106.1 million a year prior. Swings to GBP1.9 million pretax profit from GBP1.5 million loss. Holds interim payout at 0.75 pence per share. Ends half with forward order book of GBP503 million, a company record, and up by a quarter year-on-year. TClarke adds: "The business has reached a significant strategic milestone with our forward order book in excess of GBP500 million for the first time as we deliver our growth strategy. The investment that we have made in our people to support the tendering process and project delivery has started to be reflected both in the record order book and also in preparation for the London business to deliver very significant growth in volumes in the second half of 2021."

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Rotala PLC - bus operations at London's Heathrow airport, in West Midlands and North West - Revenue in six months ended May 31 rises by a third to GBP47.3 million from GBP35.5 million in prior year. Pretax loss narrows to GBP123,000 from GBP795,000. Excluding GBP1.2 million in exceptional items, Rotala would have posted GBP1.1 million pretax profit. Says passenger loadings now at about 65% of pre-virus levels.

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SDI Group PLC - Cambridge-based medical technology firm - Says revenue in year ended April 30 up 43% to GBP35.1 million from GBP24.5 million. Organic growth alone was 19%. Pretax profit up 73% to GBP5.6 million from GBP3.3 million. Chair Ken Ford says: "The outlook, thanks to our agile business model, is positive and we are planning for further organic growth, including from one-off COVID-19 related orders, and appropriate acquisitions during 2021-22. Trading in our 2021-22 financial year remains in line with market expectations and we look to the future with confidence."

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Audioboom Group PLC - London-based podcasts producer - Says revenue in first half of 2021 rises to record USD22.8 million, up 93% annually, from USD11.8 million. "Year-on-year growth outpaced the predicted wider annual industry average growth by 55%," Audioboom says. Pretax loss narrows to USD458,000 from USD2.0 million. Audioboom adds: "The business is well positioned for further accelerated growth in the second half of 2021. New major content partnerships, Audioboom Originals, and recently launched ad tech innovations will provide significantly higher inventory levels for us to monetise through our proven sales channels."

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OTAQ PLC - Lancaster-based marine aquaculture technology company - Revenue in year ended March 31 rises 19% to GBP4.1 million from GBP3.4 million. Pretax loss narrows to GBP726,000 from GBP2.8 million. "Despite the general market backdrop and challenges, this was still an extremely productive period for the group with positive movement across all of our key financial metrics. Importantly, we continued to position ourselves for future growth, having invested in broadening our product suite and reach," Chair Alex Hambro says.

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Sosandar PLC - Cheshire, England-based online women's fashion brand - Revenue in year ended March 31 up 35% to GBP12.2 million from GBP9.0 million. Pretax loss narrows to GBP3.1 million from GBP7.8 million. Co-Chief Executives Ali Hall and Julie Lavington say: "We are delighted to report a year of very strong growth and performance alongside considerable operational progress." Says first quarter of new year saw record revenue of GBP5.7 million, up more than three-fold annually.

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Herald Investment Trust PLC - invests for capital gains from smaller technology, communications and multi-media stocks - Net asset value per share at June 30, end of first half, rises 14% to 2,605.9 pence from 2,285.3p in December. Declares no interim payout, unchanged annually. Company adds: "The company's net assets per share grew by 14% during the first half of 2021. This comes on top of the 37% rise in 2020, which is particularly pleasing. The market rhetoric at the start of the year was 'to switch from growth to value as the world recovers from the Covid trauma' and this resulted in a widening of the discount of the Company's share price to net asset value."

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Arbuthnot Banking Group PLC - London-based private and commercial banking - Pretax profit in six months to June 30 jumps to GBP3.0 million from GBP201,000 a year prior. Total operating income rises 13% to GBP41.3 million from GBP36.6 million. Declares 16p interim dividend having not declared one in respect to first half of 2020. In March, company paid 21p special payout, in respect to payout withdrawn at onset of pandemic, due to regulatory request.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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19 Oct 2022 11:24

IN BRIEF: Victoria buys US flooring distributor IWT for USD29 million

Victoria PLC - Worcestershire, England-based flooring manufacturer - Buys Florida-based flooring distributor International Wholesale Tile LLC for USD28.5 million. Says the acquisition will be immediately earnings and cash flow accretive.

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17 Oct 2022 10:30

IN BRIEF: Victoria says interim revenue in line with annual guidance

Victoria PLC - Worcestershire, England-based flooring manufacturer - Says it continues to trade well for the six months ended October 1. Says half-year revenue was in excess of GBP700 million, and earnings before interest, tax, depreciation and amortisation were in excess of GBP100 million, in line with consensus market expectations for financial 2023.

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17 Oct 2022 08:08

Victoria H1 revenue and EBITDA in line with expectations

(Sharecast News) - Flooring products manufacturer Victoria continued to trade well in the six months ended 1 October, with interim revenues and underlying earnings in excess of £700.0m and £100.0m, respectively.

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9 Sep 2022 08:31

IN BRIEF: Victoria PLC buys back shares with trading as expected

Victoria PLC - Worcestershire, England-based flooring manufacturer - Says it is trading in line with expectations, with revenue, earnings and cash flow all in line with market forecasts. Says it continues to successfully navigate the "current challenging macroeconomic environment" with service improvement, input cost hedging and price increases "where necessary".

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LONDON BRIEFING: UK watchdog clears LSEG's acquisition of Quantile

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19 Jul 2022 12:16

IN BRIEF: Victoria sees full-year revenue jump but loss widens

Victoria PLC - Worcestershire, England-based flooring manufacturer - Pretax loss widens to GBP12.4 million in the year which ended April 2, from GBP7.5 million the year before, as other operating expenses jump 67% to GBP270.8 million from GBP162.2 million. Revenue rises 54% to GBP1.02 billion from GBP662.3 million. Says it traded strongly in the year, due to an improved market position, improved productivity, weaker competition and a return in commercial demand. Does not declare dividend for financial 2022, unchanged from last year. Warns of inflationary pressures, a higher corporate tax in some jurisdictions, and declining consumer confidence. Remains confident it can create wealth for shareholders.

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LONDON BROKER RATINGS: Fevertree chopped; Berenberg likes Deliveroo

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EXECUTIVE CHANGES: Xpediator brings on new interim chair and CEO

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Victoria taps Synthomer's Brian Morgan as its new CFO

(Sharecast News) - Flooring company Victoria announced the upcoming departure of its chief financial officer Mike Scott on Wednesday, after more than six years in the post, with his position set to be filled by Synthomer director of group finance Brian Morgan.

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12 Apr 2022 21:28

TRADING UPDATES: Hornby sales rise; Victoria weathers inflation

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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12 Apr 2022 08:42

Victoria FY underlying profits seen ahead of consensus

(Sharecast News) - Floor coverings retailer Victoria said on Tuesday that revenues and underlying profits for the financial year ended 2 April were both expected to be ahead of consensus market expectations.

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5 Apr 2022 14:19

IN BRIEF: Victoria completes acquisition of Balta's rug divisions

Victoria PLC - Worcestershire, England-based flooring manufacturer - Completes the acquisition of the Rugs and UK Carpet divisions of Sint-Baafs-Vijve, Belgium-based flooring company Balta Group NV. Says the divisions generated total revenue of EUR307.0 million and normalised earnings before interest, tax, depreciation, and amortization of EUR35.5 million in the year to March 31, 2021. Says the acquisition will be immediately earnings-accretive.

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10 Feb 2022 11:31

Victoria production capacity expands after Graniser acquisition approval

(Sharecast News) - Flooring manufacturer and distributor Victoria updated the market on its acquisition of B3 Ceramics Danismanlik on Thursday, which trades as Graniser.

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IN BRIEF: Victoria completes GBP150 million Koch equity investment

IN BRIEF: Victoria completes GBP150 million Koch equity investment

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