LONDON (ShareCast) - (Sharecast News) - Online bathroom products retailer Victorian Plumbing said on Tuesday that group revenues had risen roughly 5% in the year ended 30 September, hitting £310m, in line with market expectations.
Victorian Plumbing noted that it had delivered this revenue growth despite a softer UK home improvements and DIY market, which declined an estimated 3% over the same period, stating that its performance was driven by continued market share gains and strong product availability, with order volumes up 6% year-on-year to a record 1.08m, while average order value held steady at £287.

The AIM-listed firm also highlighted that strategic initiatives had continued to support growth, including warehouse upgrades, faster delivery and the rollout of free tile samples.

Trade revenue rose 10% to £74m, now accounting for 24% of group sales, while tiles and décor revenue jumped 40% to £17m, contributing 5% of the total. Adjusted underlying earnings increased 17% to £31.8m, and adjusted pre-tax profits came in at £21.8m, both in line with the top end of market forecasts.

As of 1100 BST, Victorian Plumbing shares had rallied 77.69% to 84p.







Reporting by Iain Gilbert at Sharecast.com

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