Victorian Plumbing boasts market momentum

Online specialist bathroom retailer Victorian Plumbing Co has reported increased first half revenues and profits up 10% year-on-year to £146.8m (H1 2022: £133.9m) and EBITDA profits of £9.9m.

Mark Radcliffe, Founder and Chief Executive Officer of Victorian Plumbing Group plc, said:

“Momentum from our strong delivery in the latter part of FY22 has built into the first half of this financial year. We have further increased our market share, building on our position as the UK’s No. 1 bathroom retailer, through our strategy and unique business model, which have remained constant since IPO. We are proud of our investment in a wide range of products, knowing customer choice is ever more important when considered against cost-of-living pressures. We continue to offer good product availability, underpinned by careful inventory management.

“Our new UK distribution centre will represent another key milestone and, together with on-going investment in technology, this will enable further growth in the core bathroom category as well as strategic expansion in adjacent categories.

“Victorian Plumbing’s robust business momentum, high cash generation and strong balance sheet supports the announcement of our first interim dividend.”