Another year of record sales at Topps Tiles

Leicester-based Topps Tiles has reported its third consecutive year of record sales

Group sales to the end of September are expected to come in at around £263m – £40m higher than 2019, the last financial year before the Covid pandemic. Year on year, sales increased by 6.4%, which the firm believes represents a “significant outperformance” relative to the UK tiling market.

Topps says profits will be in line with expectations.

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.”