?> Likewise Group reports 11.5% increase in sales revenue for 2024 - DirectorsTalk

Likewise Group reports 11.5% increase in sales revenue for 2024

Flooring distributor Likewise Group plc has announced a positive start to 2024 with sales revenue to the end of February increasing by 11.5% to £22.8m compared with the corresponding period last year.

Sales in Likewise Branded businesses have increased by 20.1% to £15.4 million, with average daily sales increasing by 14.5%, with early trends “positive” as the Board remains confident in meeting market expectations for 2024.

The Group has continued to invest and increase its market presence with 11 additional executives being recruited recently to enlarge the Sales Teams throughout the UK. This includes Scotland, North West England, The Midlands, South Wales, South West England, London and the South East.

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.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn

More articles like this

Likewise reports sales growth amid continued investments

Likewise, a floor coverings distributor, has reported an increase in sales for the first half of 2024, reflecting its ongoing commitment to investment in various aspects of the business. The company’s unaudited interim results, which cover

UK manufacturing sector records steady growth in September

UK manufacturing continued to grow steadily in September, with output and new orders both increasing. The domestic market remained the key driver behind this expansion. However, there were signs of caution among decision-makers, with the upcoming

Likewise Group steadily moves towards growth goals

The Likewise Group is making steady progress towards its medium-term growth objectives, as shown by its recent half-year figures. For the year ending June 30, 2024, the UK floor coverings distributor saw a 6.2% increase in

UK manufacturing sector steadies in August

The UK’s manufacturing sector demonstrated resilience in August, according to a recent report by S&P Global. The Manufacturing Purchasing Managers’ Index (PMI) held steady at 52.5, unchanged from the preliminary estimate and slightly up from 52.1

UK manufacturing sees continued growth amid domestic demand

UK manufacturing showed further signs of recovery in August, with increases in output, new orders, and employment. The latest data from the S&P Global UK Manufacturing Purchasing Managers’ Index (PMI) revealed a rise to 52.5, a

Choosing the Perfect Floor: Dark vs Light

Choosing the perfect floor for your home or design project is more than just a practical decision; it’s about creating a space where comfort and aesthetics blend seamlessly. One of the first questions you’ll face is

UK manufacturing sector sees significant growth

The UK Purchasing Managers’ Index (PMI) for the manufacturing sector reached 52.1 in July, marking an 18-month high, as reported by financial services company S&P Global. This rise indicates a strengthening in output and new orders,

Choosing the best kitchen flooring

Tile and vinyl are common choices for kitchen flooring, but what about alternatives like hardwood or laminate? Must the best kitchen flooring be waterproof, or are there other solutions? Luxury vinyl is a multilayered PVC flooring