Sales in the Likewise Floors division were up by more than 29 per cent in the 12 months to December 31.
In its trading update for the year, Birmingham-based Likewise Group revealed total group revenue increased by 13.6 per cent to £140.2m.
The update noted increases were “particularly positive” given the “macro-economic headwinds and subsequent challenging market conditions”.
Tony Brewer, chief executive of Likewise Group, said revenue growth was ahead of current market expectations and that underlying profitability was expected to be in line with market expectations, reflecting continued investment in the future of the business.
Likewise Group PLC (LON:LIKE) is a distributor of floorcoverings and matting and has the opportunity to consolidate the domestic and commercial floorcovering markets to become one of the UK’s largest distributors in this sector.
