Regulatory News

Notice of FY23 Trading Update

12 January 2024

Presentation via Investor Meet Company

Lords, a leading distributor of building materials in the UK, announces that it will issue a scheduled FY23 Trading Update for the year ended 31 December 2023 on Wednesday, 24 January 2024.

The Group also announces that it will be presenting via the Investor Meet Company platform on Wednesday, 24 January 2024 at 9am (GMT). The presentation will enable existing and prospective investors the opportunity to listen to management discuss the Group’s FY23 Trading Update.

It will be hosted by Shanker Patel (CEO) and Chris Day (CFO and COO), and there will be an opportunity for Q&A at the end of the meeting.  Questions can be submitted pre-event via the Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation.

To sign up to the Lords presentation via Investor Meet Company please click the following link: https://www.investormeetcompany.com/lords-group-trading-plc/register-investor

Investors who already follow Lords on the Investor Meet Company platform will automatically be invited.

 

FOR FURTHER ENQUIRIES:

 

Lords Group Trading plc Via Buchanan
Shanker Patel, Chief Executive Officer
Chris Day, Chief Financial Officer and Chief Operating Officer 		Tel: +44 (0) 20 7466 5000
  
Cavendish Capital Markets (Nominated Adviser and Joint Broker) Tel: +44 (0)20 7220 0500
Ben Jeynes Dan Hodkinson (Corporate Finance)  
Julian Morse / Henry Nicol / Charlie Combe (Sales and ECM)  

 

Berenberg (Joint Broker)
Matthew Armitt / Richard Bootle / Detlir Elezi 		Tel: +44 (0)20 3207 7800
 
Buchanan Communications 		 
Tel: +44 (0) 20 7466 5000
Henry Harrison-Topham / Steph Whitmore / Abby Gilchrist [email protected]

 

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 31 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 17 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 48 sites.  Lords aims to become a £500 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.