London · Delayed Price · Currency is GBP · Price in GBX Victorian Plumbing Group Earnings Call Transcripts
Fiscal Year 2025
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Record revenue and strong profit growth were achieved, driven by market share gains, the acquisition and closure of Victoria Plumb, and the launch of MFI. Operational efficiencies and robust cash flow support continued investment and dividend growth.
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Revenue grew 6% to £152.7m in H1 2025, with strong trade and towels/decor growth, and adjusted EBITDA up 15%. MFI brand launch targets the £20bn homewares market, while updated capital policy boosts dividends. Full-year revenue growth of 4-6% and PBT of £21-22m expected.
Fiscal Year 2024
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Record revenue and profitability were achieved, driven by strong trade and expansion category growth, improved gross margins, and operational efficiencies from a new warehouse. The closure of a major competitor and increased brand investment position the business for further market share gains in 2025.