Carpet manufacturing firm reports sixth consecutive record year
Kidderminster flooring specialist Victoria’s revenue increased 35% to £574m despite challenging market conditions.
Victoria said it achieved another record year in 2019 making it the sixth consecutive year of growth in underlying earnings and free cash flow per share, and operating margins.
However, while its underlying operating profit was £70.3m up from £48.8m its operating profit was £24m, down 9% from last year’s £26.4m.
A big part of the company’s success has been a significant reorganisation of its UK and Eur... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...