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(Sharecast News) - Likewise Group reported continued revenue growth in 2025 on Thursday, and said it remained on track to meet market expectations for full-year profit, as increased volumes and operational investment support its medium-term expansion plans.
For the year ended 31 December, total group revenue increased 8.6% to 163.8m, with sales in the Likewise Floors division rising 13.3%.
The AIM-traded group said that, with its distribution and logistics infrastructure now established, it remained well positioned to achieve its original 200m revenue target, while the board was also considering investment options to materially exceed that level.
Likewise said the UK flooring industry was entering a period of price inflation in early 2026 across carpets, residential vinyl, laminate, luxury vinyl tile, adhesives, levelling compounds and commercial products, following several years of flat pricing.
The group said it was implementing the price increases during January and February, which it saw as important for improving operating margins across the sector.
Operational capacity was expanded during 2025 and further increases are planned in 2026.
Glasgow was now contributing meaningful volumes to the group's logistics network, while a new five-metre-wide cutting table was installed in Leeds to drive efficiency gains.
Construction of an extension at Newport remained on schedule to create an additional distribution hub in the second half of 2026, while cutting operations were also being expanded at the Derby site.
During 2025, the group added 42 new and replacement delivery vehicles, with the fleet expected to increase to at least 160 vehicles in 2026.
The company said it continued to strengthen its sales capability, with the sales team now comprising 102 experienced executives.
Management said the combination of product expansion, marketing activity and customer relationships was supporting further market share gains among independent flooring retailers and contractors.
Chief executive Tony Brewer said the group was continuing to invest in people and capacity to "create the future prosperity of the business and to exceed 200m sales revenue".
He added that recent price increases were critical to improving operating margins and enabling further investment.
The board said it expected to deliver profit before tax in line with current market expectations for 2025, with further meaningful growth anticipated in 2026.
At 1546 GMT, shares in Likewise Group were up 1.32% at 25.33p.
Reporting by Josh White for Sharecast.com.