Sunday, September 19, 2021

CEO “cautiously optimistic” as revenue and pre-tax profits rise at Travis Perkins

Revenue and pre-tax profits are up at Northampton-headquartered Travis Perkins.

According to half year results for the six months ended 30 June 2021, revenue grew to £2.3bn from £1.6bn in the same period of 2020.

Meanwhile the company returned to a pre-tax profit of £145.7m, in comparison to a pre-tax loss of £94.5m in 2020.

Nick Roberts, Chief Executive Officer, said: “I am delighted with our performance during the first half of 2021. To have executed our planned strategic portfolio actions whilst delivering an excellent trading performance in ever changing market conditions is testament to the hard work and capability of our colleagues across the Group.

“I am particularly pleased with the agility that our teams have shown in responding to rapidly evolving market dynamics whilst always maintaining their focus on customer, colleague and supplier safety.

“This has been particularly noticeable in the Travis Perkins General Merchant where decisive actions taken during the previous two years have enabled us to respond rapidly to customer needs at a local level. Toolstation UK, meanwhile, is on course to deliver another excellent year of growth and our European rollout continues to gather pace.

“Our businesses have continued to play a critical role in the construction sector’s ongoing recovery and, while some uncertainty still remains, the end markets for our trade-focused businesses remain robust.

“As a result, I am cautiously optimistic around the outlook for the business and confident in our ability to make further progress in the second half of the year. We look forward to updating shareholders on our future plans in September.”

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