Likewise Group delivers record performance in November

6th Dec 2023 11:07

(Sharecast News) - Floor coverings distributor Likewise delivered a record performance in November, with total sales revenue hitting £14.0m for the month.

Group revenues increased 13.3% against the corresponding period in 2022, whilst revenue in its emerging Likewise Floors business increased 29%, reflecting "excellent organic growth", predominantly driven by increased volume rather than price inflation.

Likewise said on Wednesday that its record performance had been delivered despite "challenging market conditions" which were adversely impacted by macro-economic headwinds.

The AIM-listed group stated it remains on track to achieve current full-year market expectations.

Chief executive Tony Brewer said: "The growth of the group has been achieved through the huge contribution from our management and staff plus the support from our suppliers, customers and shareholders."

As of 1100 GMT, Likewise shares were up 3.58% at 17.35p.

Reporting by Iain Gilbert at Sharecast.com