- Likewise Group PLC on Wednesday reported an improved trading performance for 2024, driven by increased sales.
Likewise is a floor coverings distributor based in Birmingham, England.
Likewise reported £150.8 million revenue for 2024, up 7.5% from a year before.
It attributed this to increased sales, most notably in the final quarter.
Sales increased by 10% during the quarter, which, if extrapolated, would indicate annual sales of close to £175 million.
Looking ahead, Likewise said it remains on track to deliver current post-tax profit market expectations for 2024.
Chief Executive Tony Brewer said: ‘Following four years of developing the Group’s Sales and Operational infrastructure we have stepped up to a new level of performance in the second half.’
‘With significant new product launches in the final quarter and more planned for the first and second quarters of this year, the group is well-placed to continue the exponential sales increase into 2025.’
Likewise also announced the launch of a share buyback programme for up to £200,000.
Likewise shares were up 6.8% at 20.30 pence each in London on Wednesday morning.
Copyright 2025 Alliance News Ltd. All Rights reserved.
