Less Ads, More Data, More Tools Register for FREE

Pin to quick picksLikewise Group Regulatory News (LIKE)

Share Price Information for Likewise Group (LIKE)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 14.50
Bid: 14.00
Ask: 15.00
Change: -0.75 (-4.92%)
Spread: 1.00 (7.143%)
Open: 15.25
High: 15.25
Low: 14.50
Prev. Close: 15.25
LIKE Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Trading Update

12 Jan 2023 07:00

RNS Number : 4304M
Likewise Group PLC
12 January 2023
 

12 January 2023

 

 

Likewise Group plc

 

("Likewise", the "Company" or the "Group")

 

Trading update

Likewise Group plc (AIM:LIKE), the fast growing UK floor coverings distributor, is pleased to announce that Total Sales Revenue for the year ended 31 December 2022 increased by 103.9% to £124.4 million following a progressive Q4 increase of 107.0%. Like for like Sales improved by 26.6% in Q4 culminating in 25.7% for the full year.

Valley Wholesale Carpets Limited ("Valley"), acquired in January 2022, has performed to original expectations in an undoubtedly challenging market and we are therefore very pleased with the contribution from Valley to Sales and Profitability. The Valley logistics network, with its main Distribution Hub in Erith, is now enhanced by extra storage and cutting capacity in Derby in addition to the previously unused centre in Newport commencing operations in November 2022.

The Group has made significant progress in the last two years through investment in the infrastructure with new operations being established in Leeds, Newcastle, Birmingham and Newbury. Sidcup will be operational during January and Glasgow Q2 2023. Hopefully negotiations for a new development to relocate A&A in Manchester will be concluded shortly.

In conjunction with the investment in logistics capacity the Group has also made significant progress in enlarging the Sales Team and increased Point of Sale Displays to expand and create a much greater market presence. As previously stated, the Board and Operational Management are very focused on delivering the appropriate return on this investment to both secure additional profitability and importantly further investment to accelerate future growth.

The Group is on target to achieve the current market expectations and is confident in reaching its medium term objectives.

Tony Brewer, Chief Executive of Likewise Group plc, said:

"We would like to thank our management, staff, suppliers, customers and shareholders for their ongoing support and contribution to what has been achieved to date and look forward to their involvement in the Group's future success."

For further information, please contact: 

Likewise Group plc

Tony Brewer, Chief Executive

Roy Povey, Chief Financial Officer 

Tel: 0121 817 2900

Zeus (Nominated Adviser & Joint Broker)

Jordan Warburton / David Foreman / James Edis (Investment Banking)

Dominic King (Corporate Broking) 

 

Tel: 0203 829 5000

Ravenscroft Consultancy & Listing Services Limited (Joint Broker)

Semelia Hamon (Corporate Finance)

Tel: 01481 732 746

Novella Communications (Financial PR)

Claire de Groot / Tim Robertson

Tel: 0203 151 7008

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
TSTNKDBQNBKDADD
12
Date   Source Headline
30th Jun 20227:18 amRNSAGM Statement, Trading Update & Notice of Results
22nd Jun 20227:00 amRNSNotice of GM
8th Jun 20227:00 amRNSAnnual Report and Notice of Annual General Meeting
25th May 20227:00 amRNSFinal Results
19th May 20227:00 amRNSFinal Results Presentation
17th May 20227:00 amRNSNotice of Final Results Update
4th Apr 20227:00 amRNSTrading Update & Notice of Results
1st Apr 20223:13 pmRNSAcquisition of Delta Carpets
22nd Mar 20227:00 amRNSGrant of Options, SAYE, Issue of Shares & TVR
1st Mar 20221:02 pmRNSCapital Reduction Approved
2nd Feb 20229:47 amRNSHolding(s) in Company
27th Jan 20229:34 amRNSResult of Extended Open Offer
14th Jan 20221:14 pmRNSCompletion of Acquisition and Trading Update
11th Jan 20228:01 amRNSDirector and PDMR Dealing
10th Jan 20221:29 pmRNSResult of General Meeting and Total Voting Rights
10th Jan 20227:00 amRNSResult of Open Offer
17th Dec 202111:17 amRNSPosting of Circular
15th Dec 20218:08 amRNSResult of Firm Placing and Clawback Placing
15th Dec 20217:00 amRNSAcquisition and Proposed Placing and Open Offer
29th Sep 20219:00 amRNSPrice Monitoring Extension
28th Sep 20217:00 amRNSInterim results for six months ended 30 June 2021
21st Sep 20217:00 amRNSNotice of results and online investor presentation
17th Sep 202110:00 amRNSAppointment of non-executive director
26th Aug 20215:00 pmRNSEmployee SAYE and PDMR shareholding
18th Aug 20218:01 amRNSDirector and PDMR Dealing
18th Aug 20217:00 amRNSAdmission to AIM and First Day of Dealings
12

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.