Victorian Plumbing Group plc AGM Trading Update (5757R)
March 02 2023 - 1:00AM
UK Regulatory
TIDMVIC
RNS Number : 5757R
Victorian Plumbing Group plc
02 March 2023
2 March 2023
Victorian Plumbing Group plc
("Victorian Plumbing" or the "Group")
AGM Trading Update
Victorian Plumbing Group plc (AIM: VIC), the UK's leading online
specialist bathroom retailer, today provides an update on trading
for the five months to 28 February 2023, in advance of the Annual
General Meeting to be held at 9.30am today.
Victorian Plumbing continues to perform in line with the
patterns of trade set out in the update provided alongside its Full
Year results on 6 December 2022. The Group has maintained the
strong start to the financial year and the Group has delivered 10%
revenue growth year to date, combined with an improvement in gross
margin and marketing spend efficiency versus the comparative period
last year.
The Group continues to focus on its long-term goals, making good
progress across all strategic growth areas. Since the Full Year
results, the Group has successfully replatformed the
victorianplumbing.co.uk website to enable further improvement to
the customer journey and has also agreed a 20 year lease for a new
544,000 square foot distribution centre in Lancashire to support
future growth plans.
The Group will report Interim Results for the six months ending
31 March 2023 on 23 May 2023.
-ENDS-
For further information, please contact:
Victorian Plumbing Group plc via FTI Consulting
Mark Radcliffe, Chief Executive Officer +44 20 3727 1000
Paul Meehan, Chief Financial Officer
Daniel Barton, Director of Finance
and Company Secretary
FTI Consulting (Financial PR) +44 20 3727 1000
Alex Beagley, Eleanor Purdon, Harriet VictorianPlumbing@fticonsulting.com
Jackson, Amy Goldup
Houlihan Lokey UK Ltd (Nominated Adviser)
Sam Fuller, Tim Richardson +44 20 7484 4040
Barclays Bank PLC (Joint Broker)
Nicola Tennent, Stuart Muress +44 20 7623 2323
Numis Securities Limited (Joint Broker)
Luke Bordewich, Oliver Steele +44 20 7260 1000
About Victorian Plumbing Group
Victorian Plumbing is the UK's leading online specialist
bathroom retailer, offering a wide range of over 32,000 products to
B2C and trade customers. Victorian Plumbing offers its customers a
one-stop shop solution for the entire bathroom with more than 125
own and third-party brands across a wide spectrum of price
points.
The Group's product design and supply chain strengths are
complemented by its creative and brand-focused marketing strategy,
which predominantly focuses on online channels to drive significant
and growing traffic to its website.
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END
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