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Victoria ( (GB:VCP) ) has provided an update.
Victoria PLC announced the upcoming retirement of CEO Philippe Hamers, who has led the company for nearly nine years and successfully completed the refinancing of its 2026 debt maturities. The board is set to begin the search for a successor while maintaining focus on initiatives to improve annual EBITDA by £70 million, generate cash, and rebuild the company’s credit rating. Under Hamers’ leadership, Victoria transformed into Europe’s largest integrated flooring group, and the company aims to continue delivering value for shareholders.
The most recent analyst rating on (GB:VCP) stock is a Hold with a £83.00 price target. To see the full list of analyst forecasts on Victoria stock, see the GB:VCP Stock Forecast page.
Spark’s Take on GB:VCP Stock
According to Spark, TipRanks’ AI Analyst, GB:VCP is a Neutral.
Victoria’s overall stock score reflects significant financial challenges, with declining revenues and high leverage weighing heavily. However, positive corporate events, including successful refinancing efforts, provide a more optimistic outlook. Technical indicators suggest potential medium-term support, but valuation concerns persist due to negative profitability metrics.
To see Spark’s full report on GB:VCP stock, click here.
More about Victoria
Victoria PLC, established in 1895 and listed since 1963, is an international manufacturer and distributor of innovative flooring products. Headquartered in Worcester, UK, the company designs, manufactures, and distributes a range of carpet, flooring underlay, rugs, ceramic tiles, luxury vinyl tile (LVT), artificial grass, and flooring accessories. Victoria operates in the UK, Spain, Italy, Belgium, the Netherlands, Germany, Turkey, the USA, and Australia, employing approximately 5,350 people across more than 30 sites. It is Europe’s largest carpet manufacturer and the second largest in Australia, as well as the largest manufacturer of underlay in both regions. The company’s strategy focuses on creating shareholder value through acquisitions and sustainable organic growth.
Average Trading Volume: 325,750
Technical Sentiment Signal: Strong Sell
Current Market Cap: £77.21M
See more data about VCP stock on TipRanks’ Stock Analysis page.