Last checked at 15 Apr 2014 07:00
15 April 2014
Victoria PLC
('Victoria,' the 'Company,' or the 'Group')
Trading Update
Victoria PLC, (LSE: VCP) the international designers, manufacturers and distributors of innovative floorcoverings, provides the following positive update on trading for the financial year ended 29 March 2014.
Trading
The Board are pleased to announce that the Group's profits before tax and exceptional items are likely to be ahead of market expectations for the full year to 29 March 2014, as a result of continued improvements in like-for-like group profitability and including the impact of the acquisition of the Globesign group.
We are also pleased to report that the inclusion of the Globesign group from 13 December 2013 is on target for producing the benefits as contained in the Circular, dated 26 November 2013, in connection with the acquisition of that group.
As comparators to the information disclosed in the Admission document dated 26 November 2013, Globesign's turnover for their 12 months to 1 March 2014 was £18.7m, and their estimated profit before tax, based on unaudited management accounts for that period was £4.5m. However these are extracts of the Globesign's group performance for the 13 months to 29 March 2014, of which the Group's share will be from 13 December 2013 only.
For more information contact:
Victoria PLC Geoff Wilding | +44 (0) 15 6274 9300 |
Cantor Fitzgerald Europe Rick Thompson, David Foreman (Corporate finance) Richard Redmayne (Corporate broking) |
+44 (0) 20 7894 7000
|
MHP Nick Denton Vicky Watkins |
+44 (0) 20 3128 8100
|