Flooring group Victoria PLC has forecast a stronger second half with demand expected to improve.
Detailed in its latest outlook statement ahead of its half year results, Victoria believes demand will be returning to the flooring market – “albeit off a very low base of 20-25% below 2019 levels due to broad macro-economic factors”.
“Consequently, the Board continues to expect H2 trading to be stronger as a result of management actions alongside a small improvement in demand, with full-year earnings expected to be in line with consensus expectations.”
Company liquidity remains robust with cash on hand and undrawn credit lines continuing to provide more than £200m of available liquidity.
