Victoria still facing uncertain demand across most markets

25th Jul 2024 12:48

(Sharecast News) - Flooring specialist Victoria said in an update on Thursday that it continued to outperform a number of its competitors during the first quarter of the financial year.#

The AIM-traded firm, which was holding its annual general meeting, did highlight ongoing uncertainty in demand across most of its primary markets, however.

Its cautious stance on near-term trading conditions aligned with the outlook shared in June alongside its 2024 results.

Executive chairman Geoff Wilding expressed optimism about a robust recovery driven by factors including wage growth catching up with recent consumer inflationary pressures, improved consumer confidence, an increase in housing transactions, and a decrease in interest rates.

At 1503 BST, shares in Victoria were down 2.06% at 161.6p.

Reporting by Josh White for Sharecast.com.