Lords Group Trading confident in outlook after CMO acquisition

(Alliance News) - Lords Group Trading PLC on Friday said it is on track to meet its expectations for the 2025 financial year, as it said performance to date has been as expected.

The London-based distributor of building materials said that, since announcing its financial 2024 results in May, trading has continued in line with management expectations.

At its annual general meeting on Friday, Independent Non-Executive Chair Gary O'Brien said merchanting volumes have "continued to trend positively" against the prior year despite challenging market conditions.

In the first quarter, merchanting volumes were 11% ahead of the previous year.

"The group continues to focus on growth, margin accretion and cost control. Three branch openings, two strategic acquisitions since October 2024, and a significantly stronger balance sheet after the property sale & leaseback announced in April 2025, have positioned the group well for any sustained improvement in the [repair, maintenance and improvement] market," O'Brien added.

The company said the recent addition of the trade and assets of online-only construction products retailer CMO Group Ltd "broadens our offering to customers whilst maintaining our focus on excellent customer service".

O'Brien noted that the seasonally significant trading period lies ahead, but said the board is confident the company is on track to meet its expectations.

Shares in Lords Group Trading were down 1.8% at 42.72 pence in London on Friday morning.

By Michael Hennessey, Alliance News reporter

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