REG - Likewise Group PLC - AGM Statement and Notice of Results

LikewiseAnnouncement

27/06/2025 07:00

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RNS Number : 6538O  Likewise Group PLC  27 June 2025

27 June 2025

 

Likewise Group plc

 

("Likewise", the "Company" or the "Group")

 

AGM statement and Notice of Results

 

 

Likewise Group plc (AIM:LIKE), the fast growing UK floor coverings
distributor, is holding its Annual General Meeting ("AGM") later this morning
and is pleased to announce a continuation of the very positive sales
trajectory reported earlier in the year as they approach the end of H1 25.

 

At the meeting, Tony Brewer, Chief Executive of Likewise, will provide the
following update to shareholders.

 

 

AGM Statement

 

Total gross sales revenue to 26 June 2025 has increased by 10.0% against the
corresponding period last year, with absolute like for like being slightly
stronger due to one less working day this year.

 

The Group with its two principal businesses, Likewise Floors and Valley
Wholesale Carpets ("Valley"), continues to expand presence in Flooring
Retailers and Contractors through ever increasing Point of Sale Displays,
undoubtedly gaining market share despite what remains a subdued trading
environment.

 

To support the significantly higher sales activity the Group is also
continuing to invest in the Logistics Network. Additional productivity has
been established in Glasgow for the Likewise UK Network and commitment to
increase processing capacity in Valley's Derby Distribution Centre has been
agreed which will be operational Q3 25.

 

With the greater sales volumes the Group is now consistently achieving
improved operational gearing each month resulting in higher levels of
profitability. The Group is well on course to achieve market forecasts for
FY25.

 

The voting results from the AGM will be announced later today.

 

 

Notice of Results

 

Likewise will release its interim results for the six-month period ended 30
June 2025 on 9 September 2025.

 

 

Tony Brewer, Chief Executive of Likewise Group plc, said:

 

"It is really encouraging to see the investments made in the last four years
really starting to deliver meaningful improvements in sales and subsequent
profitability.

 

The Group continues to make significant progress towards our medium term
objectives of sales revenue well in excess of £200 million.

 

We have great Teams of people in our various businesses and thank all our
employees for their contributions as we look forward to an exciting future.

 

Furthermore we very much appreciate the continued support of suppliers,
customers, shareholders and all stakeholders."

 

 

 For further information, please contact:
 Likewise Group plc                                                   Tel: +44 (0) 121 817 2900

 Tony Brewer, Chief Executive
 Zeus (Nominated Adviser and Joint Broker)                            Tel: +44 (0) 20 3829 5000

 Jordan Warburton / David Foreman / James Edis (Investment Banking)

 Dominic King / Fraser Marshall (Corporate Broking)
 Ravenscroft (Joint Broker)                                           Tel: +44 (0) 1481 735 340

 Semelia Hamon (Corporate Finance)

 

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