Bathroom retailer Victorian Plumbing growth posted sales growth driven by order volume, in its full year trading results, ended 30 September 2023.

The retail has reported 6% growth  on the previous year, with orders up around 6% on 2022 and average order value in line with last year,

It follows on from double digit growth in the first half of 2023, with the retailer reporting an increase in profitability, driven by a product mix shift towards own-brand ranges as well as reduced shipping costs and favourable foreign exchange movements.

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According to the bathroom retailer adjusted EBITDA for FY23 is anticipated to be in line with market expectations.                                                                                                          

Victorian Plumbing also reported the lease on a new 544,000 square feet purpose-built distribution centre in Leyland, Lancashire, completed on October 4, 2023.

The warehouse development remains on time and within budget, with the expectation it will be operational on schedule in 2024.

CEO of Victorian Plumbing Mark Radcliffe commented: “This has been a year of continued delivery of our growth plans. Our clearly defined strategy and unique business model have resulted in increased order volumes and resilient average order values, with customers continuing to appreciate the choice of great value products that we offer across our ranges.

“As a highly cash generative business with a strong balance sheet, we continue to invest in the business – across people, infrastructure, technology, and our new UK distribution centre, the successful delivery of which will enable further growth in the core bathroom category as well as strategic category expansion.

“We are confident that Victorian Plumbing’s profitable growth strategy will continue to deliver long-term value to all stakeholders.”