Likewise Group plc (LSE:LIKE) has continued its strong growth momentum in 2026, reporting a 16.5% increase in like-for-like group revenue for the year to 31 May. Trading remained particularly robust in May, with sales rising 19.1% compared with the same period last year, reflecting ongoing market share gains across the business.
The company said customer demand remains healthy, with order intake continuing at strong levels and providing confidence in its growth outlook.
Logistics Investments Support Future Expansion
Management highlighted a series of investments designed to expand the group’s operational capacity and support future revenue growth.
A second distribution centre in Leeds is now fully operational, while additional capacity at the Newport facility is expected to come online shortly. Likewise has also increased cutting capabilities at its Derby site to support the continued development of its Valley flooring business.
In addition, the company is conducting legal due diligence on a proposed 60,000-square-foot high-bay distribution hub in the East Midlands. The investment programme is being complemented by ongoing fleet expansion, with the number of delivery vehicles expected to exceed 160 trucks during the year.
£250 Million Revenue Goal Within Reach
Likewise said the infrastructure investments completed over the past five years, together with current expansion projects, are expected to provide sufficient capacity to comfortably surpass its £250 million annual sales revenue target by the end of 2026.
The board remains confident that the company will achieve current market expectations for the year and continues to focus on improving margins alongside revenue growth. Management believes stronger profitability will help fund additional investment while supporting the group’s long-term development strategy.
Improving Financial Position Offsets Margin Pressure
The company’s outlook is supported by strengthening cash generation and a more stable financial profile, reflecting the benefits of recent operational growth and investment.
However, profitability remains relatively modest, limiting the overall financial strength of the business. Technical indicators remain generally supportive, although the shares continue to trade on a relatively high earnings multiple, which may temper investor enthusiasm given the company’s current level of profitability.
More About Likewise Group Plc
Likewise Group plc is a UK-based flooring distributor supplying a broad range of floorcovering products through an extensive nationwide distribution network.
The company operates multiple regional logistics hubs and a growing fleet of delivery vehicles, enabling it to serve customers across the country efficiently. Through continued investment in infrastructure and distribution capabilities, Likewise aims to increase market share and strengthen its position within the UK flooring sector.
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