Likewise Group reports trong revenue growth in, expands market presence

Floor coverings distributor Likewise Group has reported a positive start to 2024 with revenues increasing. 

The listed company said revenues rose by 11.5 per cent to £22.8m in the first two months of 2024, when compared with the same period of the prior year. 

Meanwhile, sales in Likewise Branded have increased by 20.1 per cent to £15.4m, with average daily sales jumping by 14.5 per cent.

The trading update added that the group continued to invest and increase its market presence, recruiting 11 additional sales executives for its teams in 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 expands with new logistics centre acquisition

Likewise Group has strengthened its position in the UK flooring distribution market with the acquisition of a freehold logistics centre near Plymouth for £1.2 million. This latest purchase increases the company’s logistics capacity to 15 million

The revival of carpet trends for 2025

Exciting trends in carpets for 2025 are redefining interior design, from bold patterns to sustainable materials. Learn how carpets are making a stylish comeback!

Likewise reports positive trading update, total sales revenue up 11%

Likewise Group plc (LON:LIKE), the fast growing UK floor coverings distributor, has announced that trading in October and November has been particularly positive, with like for like performance showing strong growth against the corresponding period last year. Total

Positive outlook for British manufacturing as growth anticipated

British manufacturers are looking forward to growth in their output after experiencing a recent downturn. The Confederation of British Industry (CBI) revealed in its monthly industrial trends survey that expectations for production over the next three