Trading Update
6 December 2024
Likewise Group plc
("Likewise" or the "Group")
Trading update
Likewise Group plc (AIM:LIKE), the fast growing UK floor coverings distributor, is pleased to announce that trading in October and November has been particularly positive, with like for like performance showing strong growth against the corresponding period last year.
Total sales revenue in the two months showed an increase of 11.0% taking the year to date to 7.5%.
Sales revenue in Likewise Floors increased by 18.8% and year to date 15.3%.
Average daily sales in November were £704k demonstrating the Group is making positive progress towards creating a business in excess of £200 million sales revenue.
The Group remains on track to achieve current market expectations for the financial year ending 31 December 2024. Furthermore, the increasing sales revenue and gross margin in H2 2024 is beginning to deliver operational gearing which provides the Group with momentum to achieve its objectives in 2025.
We thank all our employees for their efforts during the year. Also suppliers, customers and shareholders for their ongoing support. Wishing every one a Merry Christmas and prosperous New Year.
For further information, please contact: | |
Likewise Group plc Tony Brewer, Chief Executive | Tel: +44 (0) 121 817 2900 |
Zeus (Nominated Adviser and Joint Broker) Jordan Warburton / David Foreman / James Edis (Investment Banking) Dominic King / Fraser Marshall (Corporate Broking) | Tel: +44 (0) 20 3829 5000 |
Ravenscroft (Joint Broker) Semelia Hamon (Corporate Finance) | Tel: +44 (0) 1481 732 746 |
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.