Likewise enjoys record Q4 sales
January 4, 2024
Fast growing flooring distributor Likewise saw a record performance in the run-up to Christmas with more than £1m of flooring sold every two days during November and part of December.
In a trading statement to shareholders, the ambitious plc said sales were up 13.6% to £140.2 million for the year ended 31 December 2023 - ahead of current market expectations.
Tony Brewer, Chief Executive of Likewise Group plc, said: "Undoubtedly the most encouraging factor during the high sales volume in November and even greater activity in the first two weeks of December, averaging £660,638 per day, was the ability of the logistics Infrastructure that has been developed over the last three years being able to efficiently process and deliver the additional demand created."
The Group has invested heavily in point of sale displays and sampling to significantly increase its market presence over the last three years in conjunction with establishing its extensive logistics infrastructure.
"The final quarter of 2023 demonstrated the success of this strategy to date with the ability to generate increasing Sales Revenue whilst providing the Operational expertise to service customers effectively," says Likewise.
This strategy will continue into 2024 and the Group is confident in continuing to gain market share and through operational gearing, improve its profitability.
"The Group has come a long way in the last three years and we look forward to a positive and exciting future," says Tony.
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