Likewise Group has reported higher revenue and said it remains on track to meet market expectations for the 2026 financial year.
The flooring distributor said total group revenues for the year to date to 16 June were up 17% on a like-for-like basis. June trading also remained strong, with month-to-date revenue up 20.8 per cent compared with the same period last year.
The company said projects in Glasgow, Leeds, Derby, Newport and the East Midlands remain on schedule. These sites are expected to increase capacity in the second half of 2026 and into 2027.
Likewise supplies independent flooring retailers and contractors from 13 distribution centres across the UK. Its model depends on availability, service and delivery coverage. More capacity should help the business serve more customers and compete more effectively.
Management said the board is also developing a five-year plan focused on further expansion and better operating margins.
Likewise said it remains confident of meeting market expectations for the full year. Its shares were reported to be 2.59% higher at 27.7p after the update.
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.
