Resilient trading and continued progress for Travis Perkins despite uncertain market conditions

Travis Perkins' Northants base

Northampton’s Travis Perkins has delivered a solid performance in Q3, the three month period to 30 September 2019, despite challenging trading conditions.

Total Group sales grew by 3.8% in Q3, and by 3.4% on a like-for-like basis.

Nick Roberts, Chief Executive, said: “Now in my third month since taking over as CEO of the Group, I have spent a considerable amount of time in our branches, learning about our businesses and our markets from colleagues, customers and suppliers.

“This has confirmed my initial impressions that our businesses are well positioned to compete strongly and win greater share in their markets in the future. I am particularly impressed by the quality of our teams and their commitment to excellent customer service.

“The plan to simplify the Group’s portfolio of businesses remains the right one, with good progress made through the quarter towards reducing cost and complexity and enabling greater focus and more disciplined capital allocation to our advantaged trade-focused businesses.

“The Group delivered a solid performance in Q3, despite trading conditions becoming incrementally more challenging through the course of the summer as a result of the on-going market uncertainty. Though the Group maintains a cautious outlook for the near-term, full year performance remains in line with our expectations.”