Likewise, a rapidly growing flooring distributor, has announced significant progress with an 11% increase in sales during October and November. The company shared this positive news in a trading update to its shareholders, revealing strong growth in like-for-like performance compared to the same period last year.
The total sales revenue for the two months saw an 11% rise, bringing the year-to-date increase to 7.5%. Likewise Floors, a key operation of the company, experienced an impressive 18.8% boost in sales over the two months, contributing to a 13.3% increase year-to-date.
In addition, the company highlighted that average daily sales in November reached £704,000, signalling the Group’s progress towards its target of exceeding £200 million in annual sales revenue. The statement also reassured shareholders that the company is on track to meet the market expectations for the financial year ending 31 December 2024.
Looking ahead, the company noted that the rising sales revenue and gross margin in the second half of 2024 are providing operational momentum, positioning the Group to achieve its goals for 2025.
In Closing, Likewise’s strong performance reflects its ongoing growth trajectory and commitment to meeting its long-term objectives.
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.
