Victoria wipes the floor with its previous sales

FLOOR coverings firm Victoria has its sights set upwards after doubling revenues in a “very successful” year for the group.
The acquisition of Quest Carpets and Interfloor Group, as well as organic growth, was behind its performance, which resulted in turning around pre-tax losses of £1.6m to a profit of £9.3m.
In the year to April 2, it added sales of £128.2m to achieve £255.2m.
Geoff Wilding, executive chairman of Victoria, said: “The year was a very successful one for Victoria. The board’s commitment to creating wealth for shareholders delivered further scale both through the earnings-enhancing acquisitions of Quest and Interfloor, and organic growth by achieving operational efficiencies throughout the group.”
He remains confident of the group’s performance in the current financial year, and shrugged off any significant impact from the Brexit vote. Victoria said its risk”is mitigated by the UK division not being heavily reliant on imports or exports”.
Mr Wilding added: “The strong revenue performance achieved in the UK and Australia has continued post-period end. The Group have seen no drop off in demand for their products since the EU referendum in June and Victoria has enjoyed a strong start to the current financial year.”

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