REG - Likewise Group PLC - Trading Update

LikewiseAnnouncement

06/12/2024 07:00

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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                                                   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 732 746

 Semelia Hamon (Corporate Finance)

 

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