Monday, May 10, 2021

“Positive start to 2021” for Travis Perkins

Northampton-headquartered Travis Perkins says it has made a “positive start to 2021.”

In the trading update for Q1 2021 the company has reported like-for-like sales growth of 17.4% and 11.8% on a 2 year like-for-like basis.

The business also confirmed the Wickes demerger is due to complete on 28th April.

Nick Roberts, Chief Executive, said: “The Group has enjoyed an encouraging start to the year with robust like-for-like sales growth across our businesses, underpinned by strong demand in the RMI market.

“The Merchanting business has maintained the momentum seen in the second half of last year while Toolstation continues to outperform, driven by its convenient and trade focused proposition.

“I am also pleased to report that the Wickes demerger process remains on schedule to be completed at the end of April, leaving the business a simplified and trade focused group.

“We are encouraged by the robustness of the RMI market and the continued recovery in our other key end markets. However, at this early stage in the year, our expectations remain unchanged as we continue to make progress on the delivery of our longer-term strategic plans.”

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