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 acquires Florida-based tile firm IWT

By Josh White

Date: Wednesday 19 Oct 2022

LONDON (ShareCast) - (Sharecast News) - Flooring manufacturer and distributor Victoria announced further growth of its North American division on Wednesday, with the acquisition of Florida-based flooring distributor International Wholesale Tile (IWT).
The AIM-traded firm said the total consideration paid on completion was $28.5m (£24.9m).

It said that, for the 12 months ended 31 March, IWT generated unaudited revenues of $63.2m, and normalised EBITDA of around $7m.

A further, capped, contingent payment would be payable over the next four years, conditional on the business achieving certain growth and earnings targets.

Post-completion leverage remained in line with the group's stated financial policy, with the board adding that the acquisition would be immediately earnings and cash flow accretive.

"Victoria has been profitably selling a significant amount of product into the $29bn - and growing - US market for many years," said group chief executive Philippe Hamers.

"The acquisition of Cali in July 2021 has proven to be very successful and IWT is a further step for Victoria into North America."

Hamers said Victoria was "particularly attracted" by the "passion" of IWT's management team and operational philosophy, prioritising customer service, ensuring product was in stock and providing rapid delivery.

"These are values we share at Victoria and which have driven our market outperformance in recent years."

At 1147 BST, shares in Victoria were down 3.15% at 400p.

Reporting by Josh White at Sharecast.com.

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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

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