Victoria still facing uncertain demand across most markets
By Josh White
Date: Thursday 25 Jul 2024
(Sharecast News) - Flooring specialist Victoria said in an update on Thursday that it continued to outperform a number of its competitors during the first quarter of the financial year.#
The AIM-traded firm, which was holding its annual general meeting, did highlight ongoing uncertainty in demand across most of its primary markets, however.
Its cautious stance on near-term trading conditions aligned with the outlook shared in June alongside its 2024 results.
Executive chairman Geoff Wilding expressed optimism about a robust recovery driven by factors including wage growth catching up with recent consumer inflationary pressures, improved consumer confidence, an increase in housing transactions, and a decrease in interest rates.
At 1503 BST, shares in Victoria were down 2.06% at 161.6p.
Reporting by Josh White for Sharecast.com.
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