Business
Trading and Operations Update
Trading and Operations Update.
About this update from Likewise Group Plc
[{"type":"text","content":"\n\n30 May 2023\nLikewise Group plc\n \n(\"Likewise\" or the \"Group\")\n \nTrading and Operations Update\n \n \nLikewise Group plc (AIM:LIKE), the fast growing UK floor coverings distributor, is pleased to announce that despite certain adverse comment regarding the New Build and Refurbishment Markets, that its businesses in both Residential and Commercial Flooring have continued to increase following the last announcement on 16 May 2023 and the Group continues to trade in line with current market expectations.\n \nYear to date Group Revenue has now increased by 17.7% against the corresponding period last year and the Likewise Branded Businesses by 24.5% due to the ongoing investment in Sales and Marketing continuing to accelerate gains in market share.\n \nThe new High Bay Distribution Centre in Glasgow will commence operations today. This will provide significant extra storage and processing capacity for both Scotland and into the Likewise Logistics Network for England and Wales. \n \nTony Brewer and Andrew Simpson, the founding shareholders, along with the Board, Executive Board, Management Teams and all Employees are absolutely committed to developing Likewise to achieve its Medium Term Objective of progressing through £200 million Sales Revenue. \n \nThe next Trading Update will be provided at the Annual General Meeting on 29 June 2023. \n \nFor further information, please contact:\n\n\n\nLikewise Group plc\nTony Brewer, Chief Executive\nRoy Povey, Chief Financial Officer \n\n\nTel: 0121 817 2900\n\n\n\n\nZeus (Nominated Adviser & Joint Broker)\nJordan Warburton / David Foreman / James Edis (Investment Banking)\nDominic King (Corporate Broking) \n \n \n\n\nTel: 0203 829 5000\n\n\n\n\nRavenscroft Consultancy & Listing Services Limited (Joint Broker)\nSemelia Hamon (Corporate Finance)\n\n\nTel: 01481 732746\n\n\n\n\nNovella Communications (Financial PR)\nClaire de Groot / Tim Robertson\n\n\nTel: 0203 151 7008\n\n\n\n \n\n","length":5046,"tagName":"div"}]