IN BRIEF: Victoria sees first-half earnings growth excluding Balta
Victoria PLC - Flooring manufacturer - Expects earnings for the first half of financial year 2027 to be slightly ahead of the previous year. Says organic revenue growth for the first half is expected at approximately 5%, or 7% excluding its rugs and carpet business Balta. Earnings before interest, tax, depreciation and amortisation excluding Balta are expected to be 45% higher than the second half of financial 2026, despite rising energy and raw material costs. Victoria explains Balta's Ebitda was GBP3.8 million lower year on year due to production relocation costs. Victoria says refinancing remains on track to complete around December 10, with more than 90% of senior secured noteholders supporting the transaction.
Current share price: closed at 39.50 pence, up 2.33% on Monday in London
12-month change: down 25%
By Niall Holden, Alliance News reporter
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