Victorian Plumbing YTD revenues up 5pc
By Iain Gilbert
Date: Tuesday 25 Feb 2025
(Sharecast News) - Bathroom retailer Victorian Plumbing said on Tuesday that revenues had grown in the first 21 weeks of FY25, partly due to the group's successful transition to its new semi-automated distribution centre.
Victorian Plumbing said revenues were expected to be up 5% year-on-year in the period, while gross profit margins were said to have improved in line with FY24 on the back of growing sales of its own-brand range of products.
The AIM-listed firm also highlighted that sales in its tiles and décor unit were expected to have grown 30% in the period.
"Despite continuing UK consumer uncertainty, as reported at our full-year results on 15 January 2025, the board continues to remain confident in delivering profit in line with full year market expectations," said Victorian Plumbing.
As of 0950 GMT, Victorian Plumbing shares were untraded at 92.0p.
Reporting by Iain Gilbert at Sharecast.com
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