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Victorian Plumbing Group (VIC) investor relations material
Victorian Plumbing Group Trading Update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Financial performance
Group revenue rose by approximately 5% to £310m, aligning with market expectations despite a 3% decline in the UK Home Improvements & DIY market.
Order volumes increased by 6%, reaching a record 1,080,000 orders, with average order value stable at £287.
Adjusted EBITDA grew by about 17% to £31.8m, and adjusted PBT was £21.8m, both at the top end of market expectations.
Cash conversion remained strong throughout the year.
Strategic and operational highlights
Trade revenue grew by around 10% to £74m, now making up 24% of group revenue.
Tiles & décor revenue surged by 40% to £17m, increasing its share of group revenue to 5%.
Warehouse transformation and improved delivery speeds contributed to operational efficiency.
Free tile samples and expanded product range supported market share gains.
MFI brand update
MFI soft-launched in July, with encouraging customer response and ongoing product range expansion ahead of a full launch in H1 2026.
Investment in MFI remains disciplined and within previously provided guidance.
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