Likewise has enjoyed double-digit growth in the first quarter of the year.
Sales rose by10.7% at the flooring distributor with sales for Likewise-branded subsidiaries 14.6% higher.
Tony Brewer, chief executive of Likewise Group plc, said: “
‘This growth is the result of the strategic decisions and investment the group has made over recent years to establish a comprehensive logistics infrastructure to support the extensive sales and marketing activities, which will continue throughout 2025,’ says Tony Brewer, Likewise chief executive.
He says the group’s product launches and increased POS activity will ‘significantly accelerate the group’s presence and subsequent growth in market share over the coming months.’
‘The recently purchased freehold logistics facility in Plymouth will be operational as anticipated at the beginning of May. Additional cutting capacity will be created during April within the Glasgow distribution hub in order to facilitate increasing volumes for the Likewise network throughout 2025. Planning permission to extend the freehold site in Newport, South Wales, is progressing and when the construction is completed will materially increase the group’s processing and cutting capacity from early 2026.’
‘While January and February are traditionally lower trading months, March and the forthcoming months will benefit from the operational gearing effect which was also successfully delivered in the second half of 2024. It is anticipated that this will take the group to a higher level of profitability as reflected in current market forecasts for 2025.
‘Following a particularly positive Autumn 2024, it is really encouraging that the first quarter of 2025 has continued at a pace. This gives the board every confidence in achieving this year’s objectives, and more importantly, significant further progress towards our medium term aspirations.’
