Likewise Group PLC - Birmingham-based domestic and commercial floor coverings distributor - Says revenue in the first quarter of 2023 has increased by 20% year-on-year. Revenue in its Branded businesses has grown 26%, reflecting a ‘continually improving return on the investment in the sales infrastructure’, it says. Looking ahead, Likewise says it is confident of meeting market expectations for 2023. Chief Executive Officer Tony Brewer says: ‘[The first quarter] has been positive and the group will continue to take market share in existing geographical regions notwithstanding the huge opportunity as the group moves into new UK territories.’

Back in September, Likewise said half-year pretax profit in the six months to June 30 fell to £85,882 from £302,677 a year prior. Revenue more than doubled to £58.4 million from £28.0 million.

Current stock price: 20.30 pence each, down 1.0% on Tuesday afternoon in London

12-month change: down 46%

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