Lords Group Trading PLC ( (GB:LORD) ) has provided an update.
Lords Group Trading PLC reported a challenging financial year in 2024 with a 5.6% decline in revenue and a significant drop in adjusted EBITDA and operating profit. Despite the tough market conditions, the company focused on cost management, efficiency improvements, and strategic investments, including new branch openings and digital enhancements. The acquisition of Ultimate Renewables Supplies bolstered renewable product sales, and new exclusivity agreements expanded their product range. Looking ahead, Lords is optimistic about market recovery and aims to leverage its strengthened balance sheet and strategic initiatives for growth.
More about Lords Group Trading PLC
Lords Group Trading PLC is a specialist distributor of building, plumbing, heating, and DIY goods in the UK. The company primarily serves local tradesmen, small to medium-sized plumbing and heating merchants, construction companies, and the general public. Operating through two divisions, Merchanting and Plumbing and Heating, Lords offers a multi-channel service with a network of 47 locations, providing nationwide next-day delivery.
Average Trading Volume: 54,546
Technical Sentiment Signal: Sell
Current Market Cap: £45.71M
See more data about LORD stock on TipRanks’ Stock Analysis page.