"Never known it busier" says Victoria
June 1, 2021
"In my 30 years in the industry, I have never known it to be busier at this time of the year," says Philippe Hamers, chief Executive of one of the UK's biggest flooring manufacturers, Victoria plc.
The comments came with the group's trading update to shareholders which reported trading continues to be very strong across all of Victoria's geographies and product groups, with double-digit percentage increases over 2019 figures (2020 data is "meaningless" for comparison.
Production is running at full capacity with some plants fully committed until the Autumn already. The statement said: "We are out-sourcing some production to ensure service standards are met and market share gains sustained.
"Encouragingly, leading indicators, such as housing transactions, savings rates, and consumer confidence, suggest that the current high levels of consumer demand for Victoria's products will be sustained for the foreseeable future."
Victoria also told its shareholders that it had been able to mitigate the inflation recently seen globally in raw material prices through a combination of selling price increases and supplier negotiations.
Victoria will announce details of its full year results, for the period ended, April 3, 2021 on July 20.
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