Page 1

2022-06-30 17:58 London Stock Exchange Preliminary Results VICTORIA PLC Released 07:00:08 20 July 2021 RNS Final Results RNS Number : 7925F Victoria PLC 20 July 2021 For Immediate Release Preliminary Results for the year ended 3 April 2021 Record Revenues and Operating Profits Victoria PLC ( LSE : VCP ) the international designers , manufacturers and distributors of innovative floorcoverings , is pleased to announce its preliminary results for the year ended 3 April 2021 . Financial and Operational highlights Revenue Underlying EBITDA¹ Underlying operating profit¹ Operating profit / ( loss ) Underlying profit before tax¹ Net profit / ( loss ) after tax Underlying free cash flow² Net debt³ 1 3 Continuing operations 2 Net debt / EBITDA4 Earnings / ( loss ) per share : - Basic - Diluted adjusted¹ Preliminary Results -07 : 00 : 08 20 Jul 2021 - VCP News article | London Stock Exchange Victoria PLC ( ' Victoria ' , the ' Company ' , or the ' Group ' ) Year ended 3 April 2021 £ 662.3m £ 127.4m £ 79.8m £ 45.9m £ 50.1m £ 2.8m £ 38.8m £ 345.7m 3.10x 2.30 28.66p https://www.londonstockexchange.com/news-article/VCP/preliminary-results/15065002 Year ended 28 March 2020 £ 621.5m £ 118.1m £ 77.1m £ ( 8.5 ) m £ 48.0m £ ( 71.8 ) m £ 39.2m £ 365.9m 3.04x ( 57.22 ) p 28.42p Change on prior year + 6.6 % + 7.9 % + 3.5 % + 4.4 % 20 July 2021 + 0.8 % 2021 was the eighth consecutive record year for Victoria - despite challenging operational conditions due to the pandemic . Record revenues of £ 662.3 million were achieved , despite very material ( as much as 80 % ) revenue declines in Q1 due to Covid - 19 lockdowns . Record underlying EBITDA of £ 127.4 million ( FY2020 £ 118.1m ) and margin of 19.2 % ( FY2020 : 19.0 % ) . Strong cash generation continues with £ 38.8 million of underlying free cash flow , which equated to a 49 % conversion from underlying operating profit . Year - end leverage was 3.1x , in accordance with the Group's stated financial policy . The Group successfully refinanced all of its outstanding debt plus raised additional capital for acquisitions , reducing the coupon by c.150bps and extending the duration so that the earliest of the Group's senior debt does not now fall due until August 2026 , and approximately one - third of the total will not be due until March 2028 . Five further earnings - enhancing acquisitions completed post - year end at very attractive valuations . Victoria continues to have substantial amounts of capital to deploy . We are in active discussions with additional high quality opportunities to grow our business . Formal earnings guidance is today being reinstated . Underlying performance is stated before exceptional and non - underlying items . In addition , underlying profit before tax and adjusted EPS are stated before non underlying items within finance costs . FY20 underlying figures are stated before an increase in credit loss provision of £ 2.8m at the start of the Covid - 19 pandemic ; FY21 is stated after all credit losses in the ordinary course . Underlying free cash flow represents cash flow after interest , tax and replacement capital expenditure , but before investment in growth , financing activities and exceptional items . 1/33