LIKEWISE GROUP PLC - Final Results for the year ended 31 December 2024 2w6t4l

Likewise PLC delivered a strong investor update, reporting 7.4% revenue growth in FY24 to £150 million, with Likewise Floors achieving an impressive 15.5% sales increase. Gross margins improved to 30.7%, underlying EBITDA rose to £8.8 million, and the group generated £7.2 million in positive cash flow. ed by significant investment in logistics, an expanded distribution network, and strategic partnerships with leading flooring brands, Likewise is building operational leverage and targeting ambitious future growth. The company highlighted accelerating revenue momentum, with like-for-like sales up 11.5% in early 2025, driven by a strong order book, a robust market presence across the UK, and expanded customer reach. Management reiterated confidence in achieving over £200 million revenue in the coming years, backed by a debt-light balance sheet, substantial property assets, and ongoing investment in new product development and sales teams. A share buyback program has been launched, underlining the board’s commitment to enhancing shareholder returns while maintaining a disciplined growth strategy. Likewise continues to prioritize organic expansion, margin improvement, and operational efficiency, positioning itself as a market leader in the UK flooring distribution sector. 70pi