Ambitious flooring group Likewise has reported a record revenue month for November, bucking the industry trend of sluggish Q4 sales.
The fast growing distributor told shareholders that November sales were up 13.3% to £14m and the group’s revenue for the eleven months to the end of November is up 13.3% year-on-year.
Within this result, the emerging Likewise Floors branded business increased 29%, reflecting excellent organic growth against what the company described as “challenging market conditions which are undoubtedly, adversely impacted by macro-economic head winds.”
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.
