Likewise highlights confidence, says new year started well
Likewise Group PLC on Monday said it is confident in achieving its objectives for the year, as it noted a healthy increase in sales revenue.
The Birmingham, England-based floor coverings distributor said gross sales revenue rose 11% on-year in the first quarter, with sales in the Likewise Branded businesses growing 15%.
‘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,’ the company said.
It added: ‘The start of 2025 has provided a solid platform for the group to achieve its corporate objectives for the year ahead.’
Chief Executive Officer Tony Brewer said: ‘Following a particularly positive autumn 2024, it is really encouraging that Q1 2025 has continued at pace.
‘This gives the board every confidence in achieving this year’s objectives and more importantly significant further progress towards our medium term aspirations.’
Likewise shares fell 2.9% to 16.50 pence each on Monday afternoon in London.
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