Lords Group Trading PLC Notice of FY-2022 Results (3508V)
April 04 2023 - 7:30AM
UK Regulatory
TIDMLORD
RNS Number : 3508V
Lords Group Trading PLC
04 April 2023
4 April 2023
Lords Group Trading plc
('Lords', the 'Group' or the 'Company')
Notice of FY-2022 Results
Lords, a leading distributor of building materials in the UK,
announces that it will be publishing its full year results for the
12 months ended 31 December 2022 on 3 May 2023.
The Company had previously anticipated releasing results on
Wednesday 5 April, however the Company has been informed that the
Company's auditor, RSM UK Audit LLP, will no longer be able to meet
the previously stated timeline.
The Board of Lords re-affirms, as disclosed in the Company's
trading update of 25 January 2023, that the Group expects to report
record revenues, Adjusted EBITDA and Adjusted Profit Before Tax for
FY22 of not less than GBP450 million, GBP28.3 million and GBP16.0
million respectively and that the revised date for publication of
FY22 results is as a result of procedural matters only.
- Ends -
FOR FURTHER ENQUIRIES:
Lords Group Trading plc Via Buchanan
Shanker Patel, Chief Executive Officer Tel: +44 (0) 20 7466
5000
Chris Day, Chief Financial Officer
Cenkos Securities plc (Nominated Adviser Tel: +44 (0)20 7397
and Joint Broker) 8900
Ben Jeynes / Max Gould (Corporate Finance)
Alex Pollen (Sales)
Berenberg (Joint Broker) Tel: +44 (0)20 3207
Matthew Armitt / Richard Bootle / Detlir 7800
Elezi
Buchanan Communications Tel: +44 (0) 20 7466
5000
Henry Harrison-Topham / Jamie Hooper / Abby LGT@buchanan.uk.com
Gilchrist
Notes to editors:
Lords is a specialist distributor of building, plumbing, heating
and DIY goods. The Group principally sells to local tradesmen,
small to medium sized plumbing and heating merchants, construction
companies and retails directly to the general public.
The Group operates through the following two divisions:
-- Merchanting: supplies building materials and DIY goods
through its network of merchant businesses and online platform
capabilities. It operates both in the 'light side' (building
materials and timber) and 'heavy side' (civils and landscaping),
through 26 locations in the UK.
-- Plumbing and Heating: a specialist distributor in the UK of
plumbing and heating products to a UK network of independent
merchants, installers and the general public. The division offers
its customers an attractive proposition through a multi-channel
offering. The division operates over 16 locations enabling
nationwide next day delivery service.
Lords was established over 35 years ago as a family business
with its first retail unit in Gerrards Cross, Buckinghamshire.
Since then, the Group has grown to a business operating from 42
sites. Lords aims to become a GBP500 million turnover building
materials distributor group by 2024 as it grows its national
presence.
Lords was admitted to trading on AIM in July 2021 with the
ticker LORD.L. For additional information please visit
www.lordsgrouptradingplc.co.uk .
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END
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