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Likewise Group Plc ( (GB:LIKE) ) has issued an update.
Likewise Group plc reported a Total Group Revenue of £150.8 million for 2024, marking a 7.5% increase, with significant growth in sales from Likewise Floors. The company plans to expand its logistics capacity and sales team in 2025, alongside strategic developments like acquiring a logistics centre in Plymouth, emphasizing its commitment to enhancing operational efficiency and profitability. Additionally, the Group announced a share buyback programme valued at up to £200,000, aimed at bolstering shareholder value. These strategic moves are expected to maintain the company’s growth trajectory and strengthen its market position in the UK flooring distribution sector.
More about Likewise Group Plc
Likewise Group plc is a rapidly expanding distributor of floor coverings based in the UK. The company focuses on delivering a wide range of flooring solutions and has a significant market presence, supported by a robust logistics network and a growing team of sales executives.
YTD Price Performance: 2.70%
Average Trading Volume: 580,920
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £46.16M
Find detailed analytics on LIKE stock on TipRanks’ Stock Analysis page.
