Likewise has reported another year of progress materially outperforming the market, against a tough backdrop, as management continue to invest in the business and execute on its strategy. Revenue for the year was up 12.9% to £139.5m and adjusted operating profit increased c. 6% to £3.5m, both in line with Zeus forecasts. We believe current profitability understates the performance of the business as it continues to invest in capacity and logistics. Likewise has also seen continued strength into ....
20 May 2024
Likewise (LIKE LN) - FY23 results: taking share
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Likewise (LIKE LN) - FY23 results: taking share
Likewise Group Plc (LIKE:LON) | 14.5 -0.1 (-4.9%) | Mkt Cap: 35.6m
- Published:
20 May 2024 -
Author:
Andy Hanson | Carl Smith, CFA -
Pages:
10
Likewise has reported another year of progress materially outperforming the market, against a tough backdrop, as management continue to invest in the business and execute on its strategy. Revenue for the year was up 12.9% to £139.5m and adjusted operating profit increased c. 6% to £3.5m, both in line with Zeus forecasts. We believe current profitability understates the performance of the business as it continues to invest in capacity and logistics. Likewise has also seen continued strength into ....