Trading Update
Likewise Group plc reported strong trading performance with total revenue up 16.5% year-to-date as of May 31, 2026, and May sales increasing by 19.1% year-on-year. The company is on track to achieve its £250 million sales target, supported by operational expansions including a new distribution hub in Leeds and an extension in Newport, alongside increased capacity in Derby. Further investment in a 60,000 square foot distribution hub in the East Midlands is progressing, and the fleet now exceeds 160 trucks. These strategic investments position the Group to exceed £250 million in sales revenue and the Board remains confident in meeting financial year 2026 expectations while focusing on improving operating margins.
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Likewise Group plc (AIM:LIKE), the fast growing and progressive Flooring Distributor in the UK, is pleased to announce further significant progress.
On a like for like basis, Total Group Revenue year to date 31 May 2026 has increased by 16.5%, with Sales in the month of May up by 19.1% against the corresponding period last year.
Order intake continues to be positive as the Group takes exponential gains in market share.
The 2nd Distribution Hub in Leeds is now operational to streamline the supply chain management of palletised containers.
The extension in Newport will commence operations as planned in July creating extra storage and cutting capacity.
Valley has increased capacity with cutting in Derby to further develop their business.
In addition to the recently acquired freehold in Leeds, the Legal Due Diligence is progressing to acquire the Freehold of a 60,000 square foot High Bay Distribution Hub in the East Midlands.
The Group continues to purchase new additional and replacement delivery Trucks, with the total fleet being in excess of 160 during 2026.
With the benefit of the existing infrastructure established in the last five years, plus the aforementioned investments, which will all be completed before the end of 2026, the Group will have the capacity to materially exceed £250 million Sales Revenue.
These strategic investments leave the Group in a strong position and well poised to capitalise on the significant market opportunities before us.
Notwithstanding the Global uncertainties, the Board is confident of achieving current market expectations for the financial year ending 31 December 2026 and are very focused on improving operating margins to enable further investment and development.
Tony Brewer, Chief Executive of Likewise, said:
"We are very proud of the excellent Management and Teams of people we have around the UK, who with the support of our Suppliers and Customers are building a really strong business.
We have a clear focus and strategy on what to achieve over the next five years and beyond. We very much appreciate the commitment and support of all stakeholders."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.