Likewise Group plc (LON:LIKE), the fast growing UK floor coverings distributor, is holding its Annual General Meeting later this morning and is pleased to announce a continuation of the very positive sales trajectory reported earlier in the year as they approach the end of H1 25.
At the meeting, Tony Brewer, Chief Executive of Likewise, will provide the following update to shareholders.
AGM Statement
Total gross sales revenue to 26 June 2025 has increased by 10.0% against the corresponding period last year, with absolute like for like being slightly stronger due to one less working day this year.
The Group with its two principal businesses, Likewise Floors and Valley Wholesale Carpets, continues to expand presence in Flooring Retailers and Contractors through ever increasing Point of Sale Displays, undoubtedly gaining 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 Q3 25.
With the greater sales volumes the Group is now consistently achieving improved operational gearing each month resulting in higher levels of profitability. The Group is well on course to achieve market forecasts for FY25.
The voting results from the AGM will be announced later today.
Notice of Results
Likewise will release its interim results for the six-month period ended 30 June 2025 on 9 September 2025.
Tony Brewer, Chief Executive of Likewise Group plc, said:
“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.
The Group continues to make significant progress towards our medium term objectives of sales revenue well in excess of £200 million.
We have great Teams of people in our various businesses and thank all our employees for their contributions as we look forward to an exciting future.
Furthermore we very much appreciate the continued support of suppliers, customers, shareholders and all stakeholders.”
