Likewise Group has raised its full-year profit expectations after October revenue increased by 36.7%, taking year-to-date sales growth to 22.8%.
The flooring distributor expects profit before tax of at least £6m for the year ending December 2026, materially ahead of current market expectations. The improved outlook reflects stronger sales across all its businesses, alongside operational efficiencies and improved profitability.
The update follows the £14.9m acquisition of selected assets from Headlam Group, including its Thatcham distribution centre, Concept Flooring and Crucial Trading.
Stock deliveries to Thatcham began on 22 October, with the 90,000 sq ft facility expected to become an important part of the group’s distribution network during November, particularly across southern England.
Likewise is also rebuilding stock levels across the acquired businesses, with Concept Flooring returning towards normal service and Crucial Trading placing replenishment orders with suppliers.
Both businesses are expected to contribute positively to earnings in 2027. The group is also increasing its delivery fleet by 16 vehicles to 192 to support additional distribution requirements.
Management remains focused on its longer-term revenue target of £300m, supported by the enlarged distribution network, expanded product portfolio and opportunities to increase market share.
Likewise Group PLC (LON:LIKE) is a distributor of floorcoverings and matting and has the opportunity to consolidate the domestic and commercial floorcovering markets to become one of the UK’s largest distributors in this sector.
