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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Victoria
Victoria (VCP) investor relations material
Victoria H1 2027 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2027 TU earnings summary2 Nov, 2026
Executive summary
Market share gains in the UK, North America and Australia continued despite end-market pressure; operational progress included factory productivity improvements and lower overheads.
Financial highlights
H1 FY27 organic revenue growth was ~5% YoY, or ~7% excluding Balta.
H1 FY27 EBITDA excluding Balta is expected to be slightly ahead of H1 FY26 and 45% ahead of H2 FY26.
Balta divisional EBITDA was £3.8m below the prior year, reflecting temporary disruption during production relocation to Turkey.
Outlook and guidance
Balta target production volumes are expected in Q4, with the full project run-rate benefit expected before FY28 starts.
Further guidance is due with the HY results; higher oil and gas-related input costs could weigh on performance if sustained.
Pricing actions and cost savings are intended to mitigate rising energy and raw material costs.
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Latest events from Victoria
- Q1 FY27 saw 7% revenue growth and major refinancing reduced net debt and extended maturities.VCP
H2 2026 - FY26 EBITDA forecast cut to £95m, below prior market expectations of £110.7m.VCPTrading Update
- EBITDA margin rose to 10.1% despite a 7% revenue drop, driven by cost savings and restructuring.VCPH1 2026
- Cost savings and refinancing drive margin recovery as market conditions stabilize.VCPH2 2025
- Revenue and EBITDA fell sharply, but cost actions and asset sales support profit recovery.VCPH1 2025
- Cost-saving measures and positive market trends position Victoria PLC for recovery and growth.VCPTrading Update
- Revenue and EBITDA fell, but integration synergies and deleveraging drive future optimism.VCPH2 2024
- FY2025 revenue to exceed £1.11bn, with margin gains and positive UK momentum.VCPTrading Update
Next Victoria earnings date
H1 202716 Dec, 2026
Victoria
Next Victoria earnings date
H1 202716 Dec, 2026
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Frequently asked questions
Victoria Plc designs, manufactures, and distributes flooring products including carpets, tiles, underlays, and luxury vinyl flooring. The company serves residential and commercial markets across Europe, the United Kingdom, and Australia through a network of distributors and retailers. The company is headquartered in Kidderminster, United Kingdom, and its shares are listed on the LSE.