Likewise Group PLC Trading Update
December 06 2024 - 1:00AM
RNS Regulatory News
RNS Number : 0527P
Likewise Group PLC
06 December 2024
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
|
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END
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