Likewise has seen its double-digit sales growth continue.
Sales at the flooring distributor Likewise has seen its strong Q1 growth continue. Like for like growth was 10% since the turn of the year, shareholders were told at its AGM, down from 11.5% from January to April.
‘With the greater sales volumes the group is now consistently achieving, improved operational gearing each month is resulting in higher levels of profitability. Likewise is well on course to achieve market forecasts for our financial year to 31 December 2025. It is really encouraging to see the investments made in the last four years really starting to deliver meaningful improvements in sales and subsequent profitability,’ says Tony Brewer, Likewise chief executive.
‘The group continues to make significant progress towards our medium-term objectives of sales revenue well in excess of £200m.’
The group says it ‘continues to expand its presence in flooring retailers and contractors through ever increasing point-of-sale displays, which has enabled it to gain market share despite what remains a subdued trading environment.’
To support the significantly higher sales activity, the group is also continuing to invest in the logistics network. Additional productivity has been established in Glasgow for the Likewise UK network and commitment to increase processing capacity in Valley’s Derby distribution centre has been agreed which will be operational in the third quarter of 2025.
