After reporting record years for revenue in both 2021 and 2022, Topps Tiles, the tile specialist, has delivered a record first half.
According to a trading update for the 26-week period ended 1 April 2023, revenues at the Leicestershire-based firm reached £130.5m, £11.3m or 9.5% higher than the prior year.
Approximately £9m of revenue growth was related to the acquisition of Pro Tiler Tools and the launch of Tile Warehouse in 2022.
Rob Parker, CEO, said: “Our performance across the first half has been good, with a record period for group revenues, supported by like-for-like sales growth in Topps Tiles of 4.3% and an excellent post-acquisition performance from Pro Tiler Tools.
“The economic outlook remains uncertain but early signs of easing supply chain pressures, allied to the group’s strong balance sheet, world class customer service, specialist expertise and growth strategy give us confidence in our ability to drive value for all stakeholders over the medium term.”
