Victorian Plumbing Group (VIC)

Sector:

Retailers

Index:

FTSE AIM 50

79.00p
   
  • Change Today:
      0.20p
  • 52 Week High: 98.40
  • 52 Week Low: 66.50
  • Currency: UK Pounds
  • Shares Issued: 326.33m
  • Volume: 112,994
  • Market Cap: £257.80m

Victorian Plumbing plunges as trading weakens

By Sean Farrell

Date: Thursday 09 Dec 2021

LONDON (ShareCast) - (Sharecast News) - Victorian Plumbing shares plunged after the bathroom retailer warned trading was flat and margins were being squeezed by supply chain problems.
Reporting its first set of results as a public company, Victorian Plumbing said consumers had spent more on leisure and less on large items in October and November after pubs and restaurants reopened.

The company has absorbed many extra costs created by supply-chain problems but margins will be affected, it added. The company also said it would be more aggressive in marketing its products. Victorian Plumbing shares dropped more than 40% in response.

Adjusted earnings before interest, tax, depreciation and amortisation rose 53% to £40.1m in the six months to the end of September from a year earlier as revenue increased 29% to £268.8m.

Pretax profit fell to £19.7m from £23.7m including £9.7m spent on the company's flotation and £7.7m of share-based payments to employees.

"Through the first two months of FY22, whilst consumers have continued to spend more on leisure and less on big ticket material homeware purchases, demand and revenue have been broadly the same as last year," the company said. "As we look to balance revenue growth with profitability in the short-term, gross margins may move closer to those achieved in FY20."

Victorian Plumbing shares fell 42% to 89.7p at 09:28 GMT. The company floated in June at 262p a share in the biggest listing on London's AIM market. At the time, business was booming after households spent money doing up their homes during the pandemic.





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VIC Market Data

Currency UK Pounds
Share Price 79.00p
Change Today 0.20p
% Change 0.25 %
52 Week High 98.40
52 Week Low 66.50
Volume 112,994
Shares Issued 326.33m
Market Cap £257.80m

VIC Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
81.83% below the market average81.83% below the market average81.83% below the market average81.83% below the market average81.83% below the market average
84.62% below the sector average84.62% below the sector average84.62% below the sector average84.62% below the sector average84.62% below the sector average
Price Trend
59.68% above the market average59.68% above the market average59.68% above the market average59.68% above the market average59.68% above the market average
75.00% above the sector average75.00% above the sector average75.00% above the sector average75.00% above the sector average75.00% above the sector average
Income
1.26% above the market average1.26% above the market average1.26% above the market average1.26% above the market average1.26% above the market average
36.84% below the sector average36.84% below the sector average36.84% below the sector average36.84% below the sector average36.84% below the sector average
Growth
55.22% below the market average55.22% below the market average55.22% below the market average55.22% below the market average55.22% below the market average
5% below the sector average5% below the sector average5% below the sector average5% below the sector average5% below the sector average

VIC Dividends

  Latest Previous
  Final Interim
Ex-Div 08-Feb-24 08-Jun-23
Paid 08-Mar-24 07-Jul-23
Amount 0.95p 0.45p

Trades for 03-May-2024

Time Volume / Share Price
16:35 10,143 @ 79.00p
16:35 14,786 @ 79.00p
16:35 192 @ 79.00p
16:35 2,218 @ 79.00p
16:35 3,922 @ 79.00p

VIC Key Personnel

Chair Philip Bowcock
CEO Mark Radcliffe
CFO Daniel Barton

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