Victorian Plumbing has reported finishing its financial year with revenue growth of around 29%.
The online bathroom retailer said it benefited from strong trading in the first three months of the year, which ended on 30 September. While this was followed by more subdued market conditions as lockdown restrictions were eased, customer demand improved in September.
Despite sales growth moderating over the summer, the retailer’s gross margins remained strong throughout the year so it is now anticipating that adjusted EBITDA for the full year will be ahead of market expectations.
