Likewise defies gloom with upbeat start to 2024
March 7, 2024
Fast-growing flooring distributor Likewise has posted a positive report for the first two months of 2024 with sales up over 11% to £22.8m.
Bucking the trend of a slow start to the year for many manufacturers in the sector, Likewise also said average daily sales were increasing by 6.5%. Sales in Likewise's own branded businesses have increased by 20.1%. in January and February.
Whilst the first two months can only ever provide limited indication of the year as a whole, early trends are positive said the company in a trading update sttement to shareholders.
Chief Executive Tony Brewer commented: "A good start to the year with many opportunities before us. The ongoing investment in Sales Teams, Product and Point of Sale Displays will continue to increase our market share. The Group continues to look forward with optimism as it accelerates towards its medium-term objectives."
Likewise has increased its sales team by 11 and announced "extensive launches" across all flooring categories to take advantage of the traditionally busy Spring trading period.
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