Victoria’s results floor expectations

Over the last 15 months, Geoff Wilding – executive chairman of Victoria (VCP) – has travelled around Europe looking at potential acquisition opportunities. He feels confident about the company’s pipeline, following a recent spate of ‘earnings-accretive’ purchases by the carpet and flooring producer. Victoria’s top line grew 29 per cent over the full year, with a 1.6 per cent operating margin increase and strong organic growth. The shares were trading up 5 per cent on the day of the announcement.