DCSIMG

Travis Perkins reports big rise in profits


Published on Tuesday 4 March 2008 13:26

Building supplies group Travis Perkins said an accelerated branch expansion programme enabled it to lift pre-tax profits 18.7 per cent last year.

The Wickes owner said the addition of 75 stores and the acquisition of Tile Giant helped grow market share and expand its operating margin, leaving it with pre-tax profits for the year of 261.4 million.

The figure was slightly ahead of City expectations and meant shares in the Northampton-based group opened almost two per cent higher today.

There was also encouragement from recent trading, with the company reporting growth ahead of the rest of the market, even though like-for-like sales in 2008 were some 3% to 4% lower than in 2007 amid a challenging market.

The company ended the calendar year with 1,125 branches, a figure which increased to 1,166 by the end of February. It picked up 31 Tile Giant stores after acquiring the tile retailer in a 12 million deal in November.

Chief executive Geoff Cooper said: "We are well placed to continue our progress in what we expect to be a more challenging market in 2008."


Find It

"Business owner? - Claim your business and Advertise with us"

In association with qype logo

Looking for...

Featured advertisers

Jobs

Search for a job

Motors

Search for a car

Property

Search for a house

Weather for Northampton

Thursday 09 February 2012

5 day forecast

Today

Light snow

Light snow

Temperature: -1 C to 0 C

Wind Speed: 7 mph

Wind direction: South west

Tomorrow

Sunny spells

Sunny spells

Temperature: -6 C to 1 C

Wind Speed: 13 mph

Wind direction: South east

Press Complaints Commission

This website and its associated newspaper adheres to the Press Complaints Commission’s Code of Practice. If you have a complaint about editorial content which relates to inaccuracy or intrusion, then contact the Editor by clicking here.

If you remain dissatisfied with the response provided then you can contact the PCC by clicking here.