Kidderminster-based flooring giant Victoria has confirmed its revenue and underlying profit is expected to beat expectations.

The company expects revenue to exceed £970m (FY21: £662.3m), underlying EBITDA above £155m (FY21: £127.4m). sterling) and underlying EBIT above £100 million (FY21: £79.8 million).

Looking ahead, Victoria says demand for her products remains “robust” with a resurgence in commercial demand.

Additionally, in order to manage inflation, the company says it continues to have the ability to rapidly raise selling prices (and does) to mitigate the impact of inflationary pressures on earnings.

Additionally, to ensure supply chain security, Victoria has invested in raw materials and operations to ensure production schedules are maintained and products are available as normal, despite global disruptions.

Executive Chairman Geoff Wilding said, “There are operational challenges every year and fiscal year 2023 will be no different. However, we have invested cautiously over the past nine years and Victoria is in a strong position to meet and capitalize on these challenges. As a result, the board expects EBITDA to exceed £200m in the coming year.