Business
Final Results
Final Results.
About this update from Likewise Group Plc
[{"type":"text","content":"\n\n12 May 2025\n \nLikewise Group plc\n \n(\"Likewise\", the \"Company\" or the \"Group\")\n \nAudited Final Results for the year ended 31 December 2024\n \nSignificant progress in last eight months as Group accelerates\n towards £200 million sales revenue\n \nLikewise Group (AIM:LIKE), the fast growing UK flooring distributor, is pleased to announce its audited Final Results for the year ended 31 December 2024 (\"FY24\").\n \nFinancial Highlights\n \n· Group Sales increased 7.4% to £149.8 million (FY23: £139.5 million). Sales in Likewise Floors increased 15.5%\n \n· Gross margin increase of 0.4% to 30.7% in 2024 (2023: 30.3%)\n \n· Underlying EBITDA of £8.8 million (FY23: £7.9 million)\n \n· Adjusted Profit Before Tax was £2.0 million (FY23: £2.3 million) reflecting additional investment, particularly in H1 2024\n \n· Positive cash generation from Operating Activities of £7.2m (2023: £6.1m)\n \n· Proposed final dividend of 0.25 pence per Ordinary Share, bringing the total dividend in FY24 to 0.375 pence per Ordinary Share\n \n· Group Sales Revenue in the first four months of FY25 has progressively increased each month from January to April by 10.2% against the corresponding period last year and by 11.5% on a like for like basis given one less working day in FY25 verses FY24\n \n· Monthly revenues now consistently annualise to £170 million, with months exceeding £13 million to £14 million revenue driving improved operational gearing and profitability\n \n \nOperational Highlights\n \n· 12 Distribution and Logistics Centres expanded with total capacity at c.15 million cubic feet\n \n· 87 Suppliers across key flooring products\n \n· 96 Customer focused Management and Sales Executives\n \n· The Group owns the freehold of five of its twelve Operating Centres valued at £23.5 million with only £2.3 million of fixed debt against the one property\n \nChairman and Chief Execu...