Appointment of CEO and Trading Update

Videndum plc (the "Company" or the "Group") today announces the appointment of Jan Peter Tewes as Group Chief Executive Officer and as a Director of the Company, with effect from 17 August 2026. Stephen Harris, Group Chairman, will resume his role as a Non-Executive Chairman from the same date.

Appointment of Jan Peter Tewes as Group Chief Executive Officer

Jan Peter Tewes joins Videndum from Villeroy and Boch. Jan Peter was previously Chief Executive of private equity owned Ideal Standard and moved to Villeroy and Boch as part of the acquisition of Ideal Standard to help with the post-acquisition integration.

Jan Peter has considerable experience in brand and distribution channel management having held senior positions in this function at well-known companies including Mars and Grohe.

Jan Peter, a German national, will be based in Brussels. He has a degree in Business and Administration from Dusseldorf University and an MBA from Steinbeis University Berlin.

Commenting, Stephen Harris, Chairman, said:

"I am delighted to welcome Jan Peter as Videndum's new Group Chief Executive Officer. Jan Peter has an ideal background for Videndum. He brings significant leadership experience, a strong brand and channel management track record, a proven ability in driving operational excellence and the expertise to lead the Group through its next phase. I will be working closely with Jan Peter to ensure a smooth transition, as we continue to strengthen the business and execute our strategic priorities."

There are no other matters to be disclosed pursuant to UK Listing Rule 6.4.8R.

Trading Update

Results for the six months ended 30 June 2026 will be announced on 5 August 2026, where we expect revenues to be in line with the prior year on a like-for-like basis, and adjusted EBITDA to be modestly ahead of the same period in 2025. At 30 June 2026 net debt was £39 million (including finance leases of £24 million) and the Group maintains good liquidity.

Outlook

Trading during the first half of the year was challenging. Performance was impacted by disruption arising from the conflict in the Middle East, which increased logistics costs, extended delivery times and delayed purchasing decisions. This, combined with production challenges at the Feltre manufacturing facility, resulted in a proportion of sales being deferred to the second half of the year. The majority of the production challenges at Feltre have now been resolved.

Management has continued to take self-help actions to improve commercial execution, optimise inventory and reduce costs. However, due to ongoing challenging trading conditions, the Board now expects full year adjusted EBITDA to be between £15 million and £18 million.

We employ around 1,200 people across the world, with facilities in 8 different countries. Videndum plc is listed on the London Stock Exchange, ticker: VID.

Videndum's LEI number is 2138007H5DQ4X8YOCF14.