VICTORIA PLC (VCP) — Interim Results

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 they can be submitted at any time using 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 it receives in the meeting itself. Hope 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 executive chairman, Jeff Walden. Good afternoon, sir. Good afternoon, everybody, and thank you for joining the call. The demand for flooring products continue to be materially below the twenty five year trend line, during the first half of this financial year due to macroeconomic conditions. However, it is stabilizing. And after the large drops we've seen in previous years, it was more or less flat for demand, but subdued. Management's therefore focusing on self help actions to improve the efficiency and take market share. Firstly, by accelerating the integration of recent acquisitions, and secondly, by aggressively going after every available cost saving. As a result, 12,000,000 of cost has been removed during h one, and there is further savings totaling £20,000,000 per annum are underway that will be fully realized by, March of next year. So that the impact for FY '26 will be 32,000,000 of of savings. And with that, I'll hand over to Brian to take you through the h one numbers. Thank you, Jeff. Good afternoon, everyone. I'll run through some of VICTORIA's key financial metrics for for a period where demands has continued to be...