Victoria (VCP)

Sector:

Household Goods

Index:

FTSE AIM 50

264.50p
   
  • Change Today:
      27.00p
  • 52 Week High: 722.00
  • 52 Week Low: 222.00
  • Currency: UK Pounds
  • Shares Issued: 114.05m
  • Volume: 612,948
  • Market Cap: £301.66m
  • RiskGrade: 228

Victoria swings back to net profit as it expands by acquisition

By Josh White

Date: Tuesday 20 Jul 2021

LONDON (ShareCast) - (Sharecast News) - Flooring designer and manufacturer Victoria reported a 6.6% improvement in revenue in its preliminary results on Tuesday, to £662.3m.
The AIM-traded firm said its underlying EBITDA was ahead 7.9% for the year ended 3 April at £127.4m, as its underlying operating profit was 3.5% firmer at £79.8m.

It swung to a total operating profit for the year of £45.9m, from a loss of £8.5m in the 2020 financial year.

Victoria's underlying profit before tax was 4.4% higher at £50.1m, and its net profit after tax came in at £2.8m, compared to a loss of £71.8m a year earlier.

Underlying free cash flow was slightly lower at £38.8m, compared to £39.2m, while its net debt narrowed to £345.7m at year-end, from £365.9m 12 months prior.

The company's net debt-to-EBITDA ratio was 3.1x, compared to 3.04x in the prior year.

Basic earnings per share were 2.3p, swinging from losses of 57.22p per share for 2020, while diluted adjusted earnings per share eked out gains of 0.8% to 28.66p.

Victoria noted that it refinanced all of its outstanding debt during the year, and raised additional capital for acquisitions, reducing its coupon by about 150 basis points.

It also extended its duration, so that the earliest of its senior debt would not now fall due until August 2026, with around one-third of the total not due until March 2028.

Five further earnings-enhancing acquisitions had been completed since the year ended at what the board described as "very attractive" valuations.

The firm said it still had "substantial amounts" of capital to deploy, and was in "active discussions" with additional high-quality opportunities to grow the business.

"I want to pay credit to all Victoria's management team, who, when it really mattered, delivered an extraordinary outcome for shareholders in a challenging operational environment," said executive chairman Geoff Wilding.

"The result of their efforts is that the group is in an enviable operational and financial position to take advantage of opportunities to continue to create wealth for shareholders."

At 0851 BST, shares in Victoria were down 3.2% at 1,060p.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Victoria Market Data

Currency UK Pounds
Share Price 264.50p
Change Today 27.00p
% Change 11.37 %
52 Week High 722.00
52 Week Low 222.00
Volume 612,948
Shares Issued 114.05m
Market Cap £301.66m
RiskGrade 228

Victoria Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
28.97% below the market average28.97% below the market average28.97% below the market average28.97% below the market average28.97% below the market average
83.33% below the sector average83.33% below the sector average83.33% below the sector average83.33% below the sector average83.33% below the sector average
Price Trend
81.03% below the market average81.03% below the market average81.03% below the market average81.03% below the market average81.03% below the market average
92% below the sector average92% below the sector average92% below the sector average92% below the sector average92% below the sector average
Income Not Available
Growth
30.40% above the market average30.40% above the market average30.40% above the market average30.40% above the market average30.40% above the market average
23.08% above the sector average23.08% above the sector average23.08% above the sector average23.08% above the sector average23.08% above the sector average

What The Brokers Say

Strong Buy 1
Buy 2
Neutral 0
Sell 0
Strong Sell 0
Total 3
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Victoria Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 13,057 @ 264.50p
16:35 1 @ 264.50p
16:35 160 @ 264.50p
16:35 287 @ 264.50p
16:35 355 @ 264.50p

Victoria Key Personnel

CEO Philippe Hamers
CFO Brian Morgan

Top of Page