Lords Group Trading PLC (GB:LORD) has released an update.
Lords Group Trading PLC, a UK-based distributor of building materials, reported a record revenue of £462.6 million for FY23, up 2.8% from the previous year, despite challenging market conditions. Adjusted EBITDA decreased by 10.5% to £26.8 million, with consistent dividends demonstrating the company’s confidence in its long-term shareholder value. The company’s strategy to manage through uncertain market conditions includes a focus on non-discretionary products, brand rollouts, and targeted acquisitions, positioning Lords for medium-term growth.
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