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karen.oriordan@kick-startpublishing.co.uk
"Really encouraging" sales growth for Likewise
December 1, 2022
Fast-growing flooring distributor Likewise has reported a 28% lift in Q4 sales so far - the latest in a series of positive reports from the flooring sector in the all important pre-Christmas trading period.
In a presentation to shareholders today, Likewise plc said like-for-like sales had increased 39.0% in Q1, 2022, 18.4% in Q2, 21.8% in Q3, and for the current quarter, October and November sales showed an increase of 27.7%.
Total sales, including the acquisitions of Valley Wholesale Carpets and Delta Carpets, increased by 108.2% in October and November making the year-to-date increase 103.9%.
Chief Executive Tony Brewer commebted: "Notwithstanding challenging market conditions this keeps the Group very much on course to achieve its medium-term objectives. The sales development is really encouraging and we thank all of our management, staff, suppliers and customersfor their contribution."
Over the last two weeks, major companies in the flooring sector including Victoria, ScS and Ulster Carpets have reported strong trading despite the current headwinds.
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