Likewise Group plc (LON:LIKE), the fast growing UK floor coverings distributor, has announced its audited Final Results for the year ended 31 December 2023.
Business on track for £ 200 million in sales achieving first £1 million order intake in a single day
Financial Highlights
· Group Sales increased 12.9% to £139.5 million (FY22: £123.6 million)
· Underlying EBITDA of £7.9 million (FY22: £6.6 million)
· Following further investment in infrastructure, Underlying Profit Before Tax of £2.32 million (FY22: £2.56 million)
· Proposed Final Dividend of 0.25 pence per Ordinary Share, an increase of 25% (FY22: 0.20 pence). (Assuming shareholders approve the total dividend relating to FY23 will be 0.35 pence per Ordinary Share, being an overall increase of 75% compared with FY22*)
· Completion of All Deferred Consideration Payments of £4.3 million post year end