Victoria confident for full-year as revenue steps up

(Sharecast News) - Floor coverings designer, manufacturer and distributor Victoria on Monday reported a rise in revenue as the company remains confident of meeting full-year expectations.For the five months ended 31 August Victoria reported 3% growth in like-for-like revenue and said that its previously announced strategy to use competitive product positioning to drive volume and market share growth in the UK was already paying off.The second half of the year will see the launch of new product ranges for which Victoria has already received positive feedback from early marketing.Victoria cited resilience to market conditions as the reason for continued diversification and added that nearly 70% of earning are generated outside the UK and are spread across a variety of product groups.The AIM traded company added that its recently acquired Ceramica Saloni business is performing as expected, while operations are underway to fully integrate Spanish tile firm Keraben Grupo, which it took over following a successful bid in November 2017."In addition to organic growth, the group continues to work on further acquisitions, in particular in Europe - with no shortage of high quality opportunities - to continue to deliver longer-term growth in shareholder value," said a statement from the company.Victoria's shares were up 0.52% at 768.00p at 0933 BST.