Positive prospects for Likewise
June 29, 2023
Fast-growing flooring distributor Likewise says Q3 and Q4 look positive for increasing sales after a successful start to 2023.
Reporting to shareholders before today's AGM, Likewise confirmed its forecast with 17.6% revenue growth in the six months to 29 June 2023.
"This demonstrates the Group is delivering its strategy of continuing to increase market share," said CEO Tony Brewer. "With a positive first half, the Group is optimistic regarding the opportunities in the traditionally
stronger Q3 and Q4 and is on target to achieve its current market expectations for the financial year ending 31 December 2023."
Following substantial investment in sales, marketing and logistics, the Likewise branded businesses have increased by 23.6% in the first six months of this year.
The company's statement said It was particularly pleasing that sales were developing across all geographical regions in both residential
and commercial flooring and that the order book was positive for commercial flooring as the group enters the typically busy Summer period, particularly in the education sector.
Likewise has stated its medium-term objective to reach £200 million sales revenue. Full-year turnover in 2022 was £123.6 million.
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