Topps Tiles, the Leicester tile specialist, has secured its third consecutive year of record turnover.
In a new trading update for the 52-week period ended 30 September 2023, the business highlighted group sales of approximately £263 million.
Sales are now more than £40 million higher than FY19, the last financial year before the Covid pandemic, while year on year, sales increased by 6.4%.
Profits, meanwhile, are in line with market expectations, according to Topps Tiles.
Rob Parker, CEO, said: “As we celebrate our 60th anniversary, we are delighted to have delivered a third consecutive year of record sales in Topps Group, having increased our sales by over £40 million since the pre-pandemic period, reflecting the significant development and diversification of the Group over that time.
“It was also a year of strong strategic progress, in which Topps Tiles continued to take significant market share, Parkside was set-up for profitable growth and Pro Tiler’s performance went from strength to strength. As a result of this progress, we anticipate delivering our goal of ‘1 in 5 by 2025’ significantly ahead of schedule.
“Despite a slowing RMI market, we are confident that our core strengths of leading brands, world class customer service, specialist expertise and a strong balance sheet will enable us to grow sales, profitability and cash generation in the years ahead, delivering value for all stakeholders.”
