LONDON (ShareCast) - (Sharecast News) - Building materials group Travis Perkins reported an improved trading trend during the third quarter as Britons turned to DIY amid markets recovering from the coronavirus lockdown.
The group, which owns Wickes and Toolstation, on Thursday reported a 3.4% fall in revenue for the three months to September 30 after a 20.2% plunge during the first half of the fiscal year.

Revenue rose 3.9% on a like-for-like basis and the company forecast full-year core earnings in the upper half of the current range of analysts' expectations.

"During the third quarter the group's end markets have shown an encouraging recovery from the lockdown period, however significant uncertainty remains from both the pandemic and the ongoing Brexit negotiations, making it hard to forecast performance in the near-term," Travis Perkins said.

Travis Perkins builders merchants, the Wickes home improvement chain, Toolstation and Tile Giant, said total revenue fell 3.4% in the three months to Sept. 30, its fiscal third quarter, following a first half decline of 20.2%.

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