Victoria highlights operational gains as refinancing stays on track.
Flooring products business Victoria said on Friday that it remains focused on delivering improvements to underlying earnings and cash‑generation, with productivity upgrades to its V4 ceramics line in Spain completed over the summer and Balta's rug‑weaving equipment now fully relocated from Belgium to Turkey.
Source: Sharecast
Victoria noted rival Headlam's move toward administration and said it would assess any opportunities arising, while stressing that its UK operations continued to trade well and that it had no credit exposure to the competitor.
Across other regions, the AIM-listed firm said conditions remained volatile, with energy, diesel and input costs rising further since July, prompting additional mitigation measures.
Victoria added that refinancing of its 2028 bonds and preferred equity was progressing to plan, with documentation due mid‑September and an update on current trading to follow.
Executive chairman Geoff Wilding said: "Whilst the market environment continues to be challenging, the group has had an encouraging start to the year as a result of increased focus and management actions."
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