REG - Likewise Group PLC - Trading Update

LikewiseAnnouncement

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RNS Number : 5417G  Likewise Group PLC  02 June 2026

2 June 2026

Likewise Group plc

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

Trading Update

Investment to achieve £250 million sales target on track

Likewise Group plc (AIM:LIKE), the fast growing and progressive Flooring
Distributor in the UK, is pleased to announce further significant progress.

On a like for like basis, Total Group Revenue year to date 31 May 2026 has
increased by 16.5%, with Sales in the month of May up by 19.1% against the
corresponding period last year.

Order intake continues to be positive as the Group takes exponential gains in
market share.

The 2nd Distribution Hub in Leeds is now operational to streamline the supply
chain management of palletised containers.

The extension in Newport will commence operations as planned in July creating
extra storage and cutting capacity.

Valley has increased capacity with cutting in Derby to further develop their
business.

In addition to the recently acquired freehold in Leeds, the Legal Due
Diligence is progressing to acquire the Freehold of a 60,000 square foot High
Bay Distribution Hub in the East Midlands.

The Group continues to purchase new additional and replacement delivery
Trucks, with the total fleet being in excess of 160 during 2026.

With the benefit of the existing infrastructure established in the last five
years, plus the aforementioned investments, which will all be completed before
the end of 2026, the Group will have the capacity to materially exceed £250
million Sales Revenue.

These strategic investments leave the Group in a strong position and well
poised to capitalise on the significant market opportunities before us.

Notwithstanding the Global uncertainties, the Board is confident of achieving
current market expectations for the financial year ending 31 December 2026 and
are very focused on improving operating margins to enable further investment
and development.

Tony Brewer, Chief Executive of Likewise, said:

"We are very proud of the excellent Management and Teams of people we have
around the UK, who with the support of our Suppliers and Customers are
building a really strong business.

We have a clear focus and strategy on what to achieve over the next five years
and beyond. We very much appreciate the commitment and support of 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)

 

 

ENDS

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