New ceramics production line commissioned
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Victoria PLC
('Victoria' or the 'Company')
New ceramics production line commissioned
Ultra-efficient & set to deliver €15 million per annum improvement to earnings
Victoria PLC, (LSE: VCP) the international designer, manufacturer, and distributor of innovative flooring, announces that its Ceramics Division has completed commissioning of its V4 production line at its Keraben subsidiary in Spain, and has now started production.
The V4 line at Keraben is a key component of the Company's internal initiatives to improve earnings as set out at the FY2025 annual results. The new highly automated line is expected to deliver a step-change in earnings due to its scale and efficiency and is anticipated to have a positive impact of circa €15 million per annum on the Company's earnings once at full capacity.
The Company has taken significant steps to reorganise its Ceramics Division, reducing costs and improving operational efficiency while protecting the structural capacity required to support an expected recovery in demand. These changes, along with improved cost control, optimised product portfolios, and more efficient use of manufacturing assets, are expected to enhance profitability over the medium term.
Further details will be provided at the Company's upcoming half year results.
José Luis LLacuna, Chief Executive Office of Victoria Plc's Ceramics Division, commented:
"This is an enormous milestone for the ceramics business - our line has been designed and built to deliver unmatched efficiency, precision and quality. We already have a talented and committed team in place who have been able to hit the ground running and, as CEO of the Division, I'm extremely proud of what we're doing at Keraben."
Geoff Wilding, Executive Chairman of Victoria Plc, also added:
"Our team have done a fantastic job delivering this project on schedule. We broke ground in FY24 so to have reached this position is an exceptional achievement. The benefit the Group will see in the coming years is considerable and we are confident that our team in Spain will continue to deliver to the high standards they've set."
For more information contact:
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Victoria PLC Geoff Wilding, Executive Chairman Philippe Hamers, Chief Executive Officer Alec Pratt, Chief Financial Officer |
www.victoriaplc.com/investors-welcome Via Walbrook PR |
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Singer Capital Markets (Nominated Adviser & Joint Broker) Rick Thompson, Phil Davies, James Fischer |
+44 (0)20 7496 3095
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Berenberg (Joint Broker) Ben Wright, Harry Nicholas, Tom Ballard |
+44 (0)20 3207 7800 |
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Walbrook PR (Joint Investor Relations) Paul McManus, Joe Walker |
+44 (0)20 7933 8780 or victoria@walbrookpr.com +44 (0)7980 541 893 / +44 (0)7407 804 654 |
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Edelman Smithfield (Joint Investor Relations) Alex Simmons |
+44 (0)7970 174 252 or |
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About Victoria PLC (www.victoriaplc.com)
Established in 1895 and listed since 1963 and on AIM since 2013 (VCP.L), Victoria PLC, is an international manufacturer and distributor of innovative flooring products. The Company, which is headquartered in Worcester, UK, designs, manufactures and distributes a range of carpet, flooring underlay, rugs, ceramic tiles, LVT (luxury vinyl tile), artificial grass and flooring accessories.
Victoria has operations in the UK, Spain, Italy, Belgium, the Netherlands, Germany, Turkey, the USA, and Australia and employs approximately 5,350 people across more than 30 sites. Victoria is Europe's largest carpet manufacturer and the second largest in Australia, as well as the largest manufacturer of underlay in both regions.
The Company's strategy is designed to create value for its shareholders and is focused on consistently increasing earnings and cash flow per share via acquisitions and sustainable organic growth.
About Keraben (en.keraben.com)
Keraben is a Spanish designer and manufacturer of high-quality ceramic wall and floor tiles, known for its design, innovation, and sustainability. Founded in 1974, the company is part of the Keraben Group, which also includes the brands Metropol and Ibero, exporting products to over 120 countries. Its offerings include a wide range of porcelain stoneware and monoporous ceramic tiles for both indoor and outdoor use, with designs inspired by trends and nature. Karaben has been a part of the Victoria Group since it was acquired in November 2017.
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