Heating, Ventilating & Plumbing
Home
Menu
Plumbing delivers growth for Travis Perkins
Published:  16 May, 2012

Travis Perkins, a national UK supplier of building materials, has seen revenue grow by 4.4% during the first four months of 2012, compared to the same period in 2011.

“We have continued to gain like-for-like market share in all four divisions,” said chief executive Geoff Cooper.

After a good first quarter, record levels of rainfall contributed to a weaker performance in April and the early part of May, where activity levels at sites continue to be impacted by the very wet weather, he reported.

Travis Perkins' increased focus on gross margins has yielded good results. The gross margin, before synergy gains, across the group is in line with the equivalent period last year. 

Year-on-year inflation for the first four months of 2012 is around 2.5%.

Cooper said the integration of BSS, following the acquisition, "continues to progress well as we roll out new branch trading systems".  He added that the company's "synergy programme" remained on course to deliver the £30 million of gains this year that it had previously outlined.

The merchant also made good progress towards securing its targeted £15 million property profit for the year. 

With its continuing focus on cash generation, underlying net debt has reduced by £50 million in the four months to 30 April, from the £583 million reported at 31 December, 2011.