No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - Flooring manufacturer Victoria said on Friday that it has completed the refinancing of its 2026 senior debt maturities on "attractive" terms as trading conditions continued to be in line with those highlighted at the time of its FY25 results announcement in July.
Victoria said it remains confident in the medium-term recovery of both volume and pricing across its end-markets, and highlighted that its immediate focus remains on delivering self-help initiatives which, once complete, were expected to deliver 70m annual underlying earnings improvements versus FY25, generating cash to deleverage, and rebuilding its credit rating.
Executive chairman Geoff Wilding said: "The refinancing was an important step following a challenging macro-environment over the previous two years, and provides the flexibility to drive significant operating improvements across the business to take full advantage of the next cycle as it emerges."
As of 1050 BST, Victoria shares were 2.72% higher at 68p.
Reporting by Iain Gilbert at Sharecast.com
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.