Travis Perkins Q1: Toolstation grows while Wickes recovers
Tools and fastener merchanting and retailing group Travis Perkins has recorded a positive start to 2019 with Q1 growth in sales of 7.3% (like-for-like) and total sales growth of 5.5%, albeit in comparison to a soft trading period. In the first results after it refocused the business on its trade customers, the owner of Toolstation […]
Travis Perkins H1 2018: Solid growth for merchanting, but challenging DIY market hits Wickes
Travis Perkins – owner of over 20 UK businesses including Toolstation, Wickes and Keyline – saw solid revenue growth of 4.4%, with like-for-like growth of 4.2% in the first half of 2018. Travis Perkins’ trade-focused businesses in general merchanting put in a good trading performance. However, the UK’s challenging DIY market hit both sales and […]
Solid 2018 start for Travis Perkins despite weather disruption
Regardless of the impact of poor weather, the ‘Beast from the East‘ and having fewer trading days thanks to an Early Easter, Travis Perkins (TP) delivered a solid Q1. Like-for-like sales growth reached 3.0%, with total sales growth of 2.4%. TP saw a particularly strong performance in Plumbing & Heating (like-for-like sales growth of 19.7%) […]
Travis Perkins bucks ‘challenging market’ with modest Q3 sales growth
Travis Perkins saw total Group sales grow 3.5% in Q3, with like-for-like sales growth of 4.1%, partly benefiting from a relatively weak comparable in 2016. Sales price inflation across the Group in Q3 was 3.9%, (3.4% YTD), reflecting pass through of cost price inflation driven by foreign currency movements since June 2016 and recent increases […]
Solid performance for Toolstation owner in a ‘challenging market’
Toolstation and Wickes owner Travis Perkins saw revenue grow 3.5% in the first half of the year (2.7% like-for-like). Adjusted operating took a hit at 2.1% lower (£190m) due largely to investments and a challenging Plumbing & Heating market. CEO John Carter said Travis Perkins had delivered a strong performance against a challenging market backdrop, […]
Financials round-up: BUFAB, Toolstation owner Travis Perkins & Bulten’s Q1 bonanza
Travis Perkins: Growth for Toolstation and Wickes owner Travis Perkins Q1 2017 saw total sales growth of 4.% and like-for-like sales growth of 2.7% The combination of our Merchanting divisions (General Merchanting, Plumbing & Heating and Contracts) delivered total sales growth of 5.1% and like-for-like sales growth of 2.6%. Underlying performance of both Wickes and […]
Exceptional £235 million charge hits Travis Perkins profits
Travis Perkins Group saw revenues rise 4.6% in 2016, with adjusted operating profit reaching £392m, up £3m on 2015. However, an exceptional charge of £235m in the plumbing & heating and tile businesses impacted on Group profits. Profit before tax fell to £73m in 2016, £151m lower than 2015 (2015: £224m). Other exceptional charges in the […]
Travis Perkins to close over 30 branches
Travis Perkins is shoring itself up against an uncertain UK outlook by closing at least 30 branches, the company has revealed. Travis Perkins said it has outperformed its markets in Q3, with total sales growth of 3.4% and like-for-like growth of 2%, but highlighted that it was too early to predict customer demand in 2017. Closing […]
Travis Perkins profits up, but Brexit dents demand
Travis Perkins has seen revenue and profits rise, but has sounded a note of caution over the UK’s vote to exit the EU and the resultant uncertainty in the market. The owner of Toolstation, Wickes and Benchmarx saw group revenue rise to 3.11 billion in H1 2016, up from £2.94 billion in H1 2015, up 3.1% […]
New plasterboard fixing holds 245kg and is up for a Travis Perkins award
Select Product’s BladeFixer has been shortlisted for an Innovation Award from Travis Perkins Group. The plasterboard fixing is pitched as the world’s first to hold a whopping 245kg (38 stone) in shear tests and 85kg (13 stone) tension tests (on 15mm board), independently tested and varified by the Building Research Establishment. According to the brand, […]