StockMarketWire.com - Flooring company Victoria said its like-for-like revenue grew by more than 3% in the first five months of the year, and that it remained confident of meeting market expectations for the full year through March.

The company said its previously-announced strategy of using competitive product positioning to drive volume and market share growth in the UK was delivering as planned, with like-for-like revenue growth for the period there also rising by more than 3%.

'Furthermore, Victoria has developed a number of new product ranges across the group to be launched during the second half of the financial year, for which there has already been positive feedback from early marketing,' the company said ahead of its annual general meeting.

The recent acquisition of Ceramica Saloni had performed as anticipated, it added.

'In addition to organic growth, the group continues to work on further acquisitions, in particular in Europe - with no shortage of high quality opportunities - to continue to deliver longer-term growth in shareholder value,'Victoria said.

'In line with the Group's strategy to build a business that is increasingly resilient to different market conditions, it continues to diversify both geographically and by product category.'

'Nearly 70% of the group's earnings are now generated from outside of the UK and are spread across several categories of flooring including carpets, ceramics, underlay, and LVT.'




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