Trading remains "strong" at Travis Perkins
Fri, 17th October 2014

Trading remains "strong" at Travis Perkins

Northampton-headquartered Travis Perkins has continued its "encouraging momentum" into the third quarter.

The builders' merchant reported total sales growth of 6.9 per cent in the period, with like-for-like sales growth of 5.7 per cent.

Trading has been consistent with expectations at the start of the year.

Chief executive John Carter said: "Trading has remained strong for most of our businesses and the group's continued good performance is underpinned by the successful introduction of a number of self-help initiatives. We have outperformed our markets whilst making strategic investments that we are confident will support continued market share gains."

He added that general merchanting performed well with work to modernise the business progressing and the strengthened management team at Wickes had continued to build on the early progress seen in the second quarter.

"I am confident that our plans to improve each of our businesses, resulting in profitable organic growth, combined with our strong focus on returns, will create substantial further shareholder value," Carter said.

category Midlands  |  source Insider Media