Lords Group Trading PLC (GB:LORD) has released an update.
Lords Group Trading PLC, a key player in the UK building materials distribution market, has experienced stable revenue and maintained gross margins, in line with management expectations. The Company has successfully integrated its recent acquisitions, Alloway Timber and Chiltern Timber, into Lords Builders Merchants, with positive customer responses to the refurbished sites. Despite early fiscal year challenges due to macroeconomic factors, Lords Group remains confident in its customer service strength and acquisition strategy to enhance shareholder value.
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