Likewise sees particularly positive trading in October and November
By Iain Gilbert
Date: Friday 06 Dec 2024
(Sharecast News) - Floor coverings business Likewise Group said on Friday that trading in October and November had been "particularly positive", with its like-for-like performance showing "strong growth" year-on-year.
Likewise said total sales revenue in the two months were up 11.0%, taking the year-to-date total to 7.5%, while sales revenue in Likewise Floors increased by 18.8% in the period and 15.3% year-to-date.
Average daily sales in November came to £704,000, with the AIM-listed group making "positive progress" towards creating a business with sales revenue in excess of £200.0m.
"The group remains on track to achieve current market expectations for the financial year ending 31 December 2024," said Likewise. "Furthermore, the increasing sales revenue and gross margin in H224 is beginning to deliver operational gearing which provides the group with momentum to achieve its objectives in 2025."
As of 1110 GMT, Likewise shares were up 11.51% at 17.28p.
Reporting by Iain Gilbert at Sharecast.com
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