UK floor coverings distributor Likewise Group H1 revenue and profit rise year on year

Likewise

28/09/2026 07:14

Overview
UK floor coverings distributor's H1 2026 revenue rose 15.4% yr/yr to £89.9 mln
Adjusted pretax profit for H1 2026 rose 79.5% to £1.32 mln
Company raised £32.5 mln in equity to fund expansion and logistics investments 

Outlook
Likewise Group expects FY26 underlying profit before tax of at least £5.0 mln
Company expects to reach £200 mln sales revenue in 2026 based on current performance
Likewise targets £300 mln revenue in the longer term, supported by recent logistics investments

Result Drivers
LOGISTICS INVESTMENT - Co said expanded logistics infrastructure, including new distribution hubs and increased cutting capacity, supported sales growth and improved supply chain management
PRODUCT AND SALES INITIATIVES - Co attributed revenue growth and margin improvement to product development, supplier initiatives and expanded sales force
COST PRESSURES MITIGATED - Co said it faced higher fuel and raw material costs due to Middle East conflict but absorbed impacts through pricing and operational measures

Company press release: ID:nRSb4527Wa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
GBP 89.9 mln
 
H1 Adjusted EBITDA
 
GBP 5.10 mln
 
H1 Adjusted EBIT
 
GBP 2.25 mln
 
H1 Adjusted Pretax Profit
 
GBP 1.32 mln
 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)