Victoria PLC shares tumbled 11.7% on Monday after the flooring manufacturer warned that fourth-quarter revenue would fall approximately 5% below the prior year's £1.12 billion, citing weak consumer confidence and reduced foot traffic at retail customers during January. Trading in the first half of January was significantly impacted by geopolitical events across Western Europe, North America and the UK, with recent weeks showing only modest improvements.

The company now expects post-IFRS16 EBITDA of approximately £95 million for fiscal 2026, well below the prior market consensus of £110.7 million. Market expectations prior to this announcement were for fiscal 2026 revenue of £1,064 million. The board acknowledges the need to adapt to the lower volume environment and drive efficiency improvements ahead of domestic and international competition.

Victoria's third-quarter revenue declined approximately 3% YoY, an improvement from the roughly 7% decline in the first half. Lower shipment volumes from the Rugs business transition from Belgium to Turkey accounted for over half of the quarter's revenue decline. The company continues progressing with its EBITDA improvement initiatives and capital structure strengthening efforts, including addressing its 2028 senior secured notes.