Victorian Plumbing Group plc Full Year Trading Update and Notice of Results (2525O)
07 Octubre 2021 - 1:00AM
UK Regulatory
TIDMVIC
RNS Number : 2525O
Victorian Plumbing Group plc
07 October 2021
7 October 2021
Victorian Plumbing Group plc
("Victorian Plumbing" or the "Group")
Full Year Trading Update and Notice of Results
Victorian Plumbing Group plc (AIM: VIC), the UK's leading online
retailer of bathroom products and accessories, today provides an
update on trading for the year ended 30 September 2021
("FY21").
The Board is pleased to report that the financial year finished
positively with revenue growth of c.29% for FY21. This reflects
strong trading in the first three quarters of the year, more
subdued market conditions as lockdown restrictions were eased,
before customer demand improved in September.
Whilst revenue growth moderated over the summer, gross margins
remained strong throughout and adjusted EBITDA for FY21 is
anticipated to be ahead of market expectations.
Given the widely publicised global supply chain issues that have
been affecting many companies, the Group has been proactive in
optimising its stock holding going into the new financial year.
The Group continues to progress all of the operational and
strategic opportunities outlined at the time of the IPO. Management
will provide a further update in the Group's maiden preliminary
results, which will be announced on 9(th) December 2021.
-ENDS-
For further information, please contact:
Victorian Plumbing Group plc via FTI Consulting
Mark Radcliffe, Chief Executive Officer +44 20 3727
Paul Meehan, Chief Financial Officer 1000
Rich Monaghan, Director of Finance
FTI Consulting (Financial PR) +44 20 3727
Alex Beagley 1000
Eleanor Purdon VictorianPlumbing@fticonsulting.com
Sam Macpherson
GCA Altium Limited (Nominated Adviser) +44 20 7484
Sam Fuller, Paul Lines, Mitchell Parr 4040
Barclays Bank PLC (Joint Broker) +44 20 7623
Nicola Tennent, Stuart Muress 2323
Numis Securities Limited (Joint Broker) +44 20 7260
Luke Bordewich, Tom Jacob, Oliver Steele 1000
About Victorian Plumbing Group
Victorian Plumbing is the UK's leading online retailer of
bathroom products and accessories, offering a wide range of over
24,000 products to B2C and trade customers. Victorian Plumbing
offers its customers a one-stop shop solution for the entire
bathroom with more than 125 own and third-party brands across a
wide spectrum of price points.
The Group's product design and supply chain strengths are
complemented by its creative and brand-focused marketing strategy,
which predominantly focus on online channels to drive significant
and growing traffic to its website.
Headquartered in Skelmersdale, Lancashire, the Group employs
over 500 staff across seven locations in Skelmersdale, Manchester
and Birmingham.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
TSTZQLFBFBLFFBK
(END) Dow Jones Newswires
October 07, 2021 02:00 ET (06:00 GMT)
Victorian Plumbing (LSE:VIC)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Victorian Plumbing (LSE:VIC)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024