VICTORIA PLC (VCP) — Full year results for the year ended 30 March 2024

Investor webinar replay

Replay transcript excerpt

Good afternoon, and welcome to the VICTORIA PLC results investor presentation. Throughout this quarter presentation, investors will be in listen only mode. Questions are encouraged and can be submitted at any time by the q and a tab situated in the right hand corner of your screen. Just simply type in your questions and press send. The company may not be in a position to answer every question received in the meeting itself. However, the company can review all the questions submitted today and publish responses where it is appropriate to do so. Before we begin, I'd like to submit the following poll. And I'd now like to hand you over to Jeff Wilding, executive chairman. Good afternoon to you, sir. Good afternoon. Thank you very much for joining the call. As you will have seen from our results, the market was a lot softer in the last twelve months than it has been previously. This is largely due to inflationary pressures impacting consumer discretionary spending and a pull forward of demand when, during the COVID lockdowns, a number of people understandably invested in their property, and and a lot of spending was was conducted in that period. And, consequently, there was a has been a drop in spending in more recent in the last eighteen months. This will obviously normalize over time, but in the meantime, it has impacted our revenue. Although I'm pleased to say that Victoria outperformed the wider market in most of its end markets. So with that, I'll hand over to Brian who more than the CFO to take you through the financial results for FY '24. Thanks, Jeff, and good afternoon, everyone. I will skip through to slide seven as for the slides on the our website. I will quickly run through Victoria's financial highlights of the year, which has proven to be challenging for th...