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(Sharecast News) - Victoria reported underlying revenue of 1.05bn for the year ended 28 March on Friday, down 6.3%, while underlying EBITDA fell to 92.3m from 113.7m.
The AIM-traded flooring group posted a statutory operating loss of 153.3m and a net loss of 326.3m, largely reflecting impairments, refinancing costs, restructuring charges and preferred equity finance costs, while net debt increased to 1.06bn.
It said first-quarter trading in the new financial year had improved, with volumes up about 3%, revenue 7% higher and profitability ahead of the prior year.
Victoria forecast at least 115m of EBITDA for FY2027 and said a refinancing plan was expected to cut balance-sheet liabilities by around 300m and annual finance costs by about 34m, subject to completion.
At 1130 BST, shares in Victoria were down 17.36% at 59.5p.
Reporting by Josh White for Sharecast.com.
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