Victoria PLC, the international designer, manufacturer and distributor of flooring, has reported soft demand as trading remained in line with expectations.

According to its latest trading update for six-month period ended 27 September 2025, ahead of its full half year update, total sales were in line with previous guidance.

Demand across Victoria’s markets remained soft, with an improvement in average selling prices partially offsetting a year-on-year decline in volumes.

Whilst overall H1 revenue was approximately 7% behind last year, there was an improving trend in the period with a c.11% decline in Q1 followed by a c.2% decline in Q2.

Targeted cost savings across the business more than offset the impact of lower volumes. Underlying EBITDA improved to c.£53m for the half, compared to £50m in the prior year, representing a margin improvement of more than 120bps.

“The Board continues to expect an improving trend in year-on-year revenue performance in H2, although the Board remains mindful of external risks, including softening US consumer confidence, political developments in France, ongoing weakness in the USD and AUD, and uncertainty surrounding the forthcoming UK budget,” the group said.

“As a result, revenue for FY26 is expected to be slightly below FY25. However, the actions already taken this year are expected to drive margins and underlying EBITDA ahead of last year. Further cost savings through the balance of the year and into FY27 will also be targeted.”