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Likewise Group investment in Logistics Capacity delivers Record Sales

Likewise Group plc (LON:LIKE), the fast growing and progressive Flooring Distributor, has announced that Gross Sales Revenue for the year ended 31 December 2023 increased by 13.6% to £140.2 million. Sales in Likewise Floors increased 29.1% in FY23. These increases are particularly positive given the macro economic headwinds and subsequent challenging market conditions.

The Group’s Sales Revenue for FY23 is ahead of current market expectations and underlying profitability is expected to be in line with market expectations, reflecting the continued investment in the future of the business. The Board is confident of achieving the current market expectations for FY24 as the Group continues to develop its position in the UK Flooring Market. As demonstrated with the maiden Interim Dividend declared in September 2023, the Board is committed to a progressive dividend policy in line with profitability.

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