Travis Perkins (TPK)

Sector:

Support

Index:

FTSE 250

 1,030.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 1,485.00
  • 52 Week Low: 738.00
  • Currency: UK Pounds
  • Shares Issued: 212.51m
  • Volume: 0
  • Market Cap: £2,189.91m
  • RiskGrade: 152

Travis Perkins Q3 sales rise, FY profit seen in line

By Michele Maatouk

Date: Thursday 20 Oct 2022

LONDON (ShareCast) - (Sharecast News) - Builders' merchant Travis Perkins posted a rise in third-quarter sales on Thursday as it said full-year operating profit was set to come in around the middle of the current range of market expectations.
In the three months to 30 September, total sales grew 10.7%, or 7.4% on a like-for-like basis. Travis Perkins said this was a "resilient" trading performance.

The merchanting businesses continue to outperform their markets, with total sales growth of 11.5% and the trading performance remaining consistent throughout the quarter.

Travis Perkins General Merchant, the UK's largest distributor of building materials, saw some slowing of demand in the smaller trade customer segment, but demand from larger repair and maintenance contractors held up well.

Toolstation returned to growth, meanwhile, with total sales up 6.1% and LFL sales 0.2% higher year-on-year. The trend improved throughout the quarter, as customers responded positively to the new catalogue in September, the company said.

The European business continues to progress well, it added, with total sales growth of 23.3% in Q3, and Toolstation remains on track to roll out around 80 new branches in 2022, split equally across the UK and Europe.

"Whilst forward visibility is limited, reflecting the uncertain macroeconomic situation, the group expects to build on the current resilient performance and deliver a full year operating profit around the middle of the current range of market expectations," it said. The range of expectations is between £304m and £340m.

Chief executive Nick Roberts said: "We continue to benefit from our diverse end market exposure from small independent builders through to large contractors delivering national infrastructure projects.

"During the second half of the year we have seen growing macroeconomic uncertainty. We are focused on maintaining cost discipline in our businesses and the actions taken to simplify our operating structure in recent years have created the flexibility to adapt to changing market conditions."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Travis Perkins Market Data

Currency UK Pounds
Share Price 1,030.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 1,485.00
52 Week Low 738.00
Volume 0
Shares Issued 212.51m
Market Cap £2,189.91m
RiskGrade 152

Travis Perkins Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
54.41% above the market average54.41% above the market average54.41% above the market average54.41% above the market average54.41% above the market average
62.75% above the sector average62.75% above the sector average62.75% above the sector average62.75% above the sector average62.75% above the sector average
Price Trend
27.39% below the market average27.39% below the market average27.39% below the market average27.39% below the market average27.39% below the market average
31.48% below the sector average31.48% below the sector average31.48% below the sector average31.48% below the sector average31.48% below the sector average
Income
27.81% above the market average27.81% above the market average27.81% above the market average27.81% above the market average27.81% above the market average
25.37% above the sector average25.37% above the sector average25.37% above the sector average25.37% above the sector average25.37% above the sector average
Growth
27.26% above the market average27.26% above the market average27.26% above the market average27.26% above the market average27.26% above the market average
20.39% above the sector average20.39% above the sector average20.39% above the sector average20.39% above the sector average20.39% above the sector average

What The Brokers Say

Strong Buy 2
Buy 2
Neutral 13
Sell 4
Strong Sell 0
Total 21
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Travis Perkins Dividends

  Latest Previous
  Interim Final
Ex-Div 06-Oct-22 31-Mar-22
Paid 11-Nov-22 13-May-22
Amount 12.50p 26.00p

Trades for --2023

Time Volume / Share Price
0 @ 0.000p

Travis Perkins Key Personnel

CFO Alan Williams
CEO Nick Roberts

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