"Particularly positive" trading reports Likewise
December 6, 2024
Fast-expanding flooring distributor Likewise has reported strong growth with an 11% sales uplift in October and November.
In a trading update to shareholders, the company said it was pleased to announce "trading in October and November has been particularly positive, with like for like performance showing strong growth against the corresponding period last year."
Total sales revenue in the two months showed an increase of 11.0% taking the year to date to 7.5% with sales revenue in the branded Likewise Floors operation up by 18.8% for the two months, up 13.3% on the year to date.
The statement said: "Average daily sales in November were £704k demonstrating the Group is making positive progress towards creating a business in excess of £200 million sales revenue.
"The Group remains on track to achieve current market expectations for the financial year ending 31 December 2024. Furthermore, the increasing sales revenue and gross margin in H2 2024 is beginning to deliver operational gearing which provides the Group with momentum to achieve its objectives in 2025," it said.
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