Actualización de Trading
6 de marzo de 2024
Asimismo Group plc
("Asimismo", el "Grupo" o la "Empresa")
Actualización de Trading
Likewise Group plc (AIM:LIKE), the fast growing and progressive UK floor coverings distributor is pleased to announce a positive start to 2024. Sales revenue to the end of February has increased by 11.5% to £22.8 million compared with the corresponding period last year, with average daily sales increasing by 6.5%. Sales in Likewise Branded businesses have increased by 20.1% to £15.4 million, with average daily sales increasing by 14.5%.
Whilst the first two months can only ever provide limited indication of the year as a whole, early trends are positive and the Board remains confident in meeting market expectations for 2024.
The Group has continued to invest and increase its market presence with 11 additional executives being recruited recently to enlarge the Sales Teams throughout the UK. This includes Scotland, North West England, The Midlands, South Wales, South West England, London and the South East.
The positive start to the year creates significant momentum into the traditionally busy Spring trading period with extensive launches in key products of Carpet, Residential Vinyl, Laminate, Luxury Vinyl Tile and Artificial Grass.
Valley Wholesale Carpets Limited ("Valley") continues to be a particularly important contributor to Group profitability and positive Cash Flow. Valley continues to expand its geographical reach and also has impressive product launches with additional Point of Sale initiatives to further increase its market presence.
An agreement to lease has now exchanged to enable A&A in Manchester to move into a new Logistics Centre allowing A&A to be part of the Likewise Logistics Network.
The Group continues to look forward with optimism as it accelerates towards its medium-term objectives.
Tony Brewer, director ejecutivo de Asimismo, dijo:
"A good start to the year with many opportunities before us. The ongoing investment in Sales Teams, Product and Point of Sale Displays will continue to increase our market share.
The logistics infrastructure the Group has created over the last 3 years is now very well positioned to process and deliver the increasing demand."
Para más información, por favor póngase en contacto con: | |
Asimismo Group plc Tony Brewer, director ejecutivo | Tel: + 44 (0) 121 817 2900 |
Zeus (Asesor Designado y Consejero Conjunto) Broker) Jordan Warburton / David Foreman / James Edis (banca de inversión) Dominic King (Corretaje corporativo) | Tel: + 44 (0) 20 3829 5000 |
WH Irlanda (Conjunto Broker) Hugh Morgan / Antonio Bossi (Finanzas corporativas) Fraser Marshall / Harry Ansell (corretaje corporativo) | Tel: + 44 (0) 20 7220 1666 |
Ravenscroft (Conjunto Broker) Semelia Hamon (Finanzas corporativas) | Tel: + 44 (0) 1481 732 746 |
Novella Communications (relaciones públicas financieras) Claire de Groot / Tim Robertson | Tel: + 44 (0) 20 3151 7008 |
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