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12 Dec 2012 07:00
12 December 2012
Travis Perkins plc
Trading Update - Trading in Line with Expectations
Travis Perkins, the largest supplier of building materials in the UK, today issues this trading update for the 11 months to the end of November 2012.
Group turnover for the eleven months to the end of November was up 1.6%. This period included two more trading days in our merchanting and plumbing and heating divisions than for the comparable period in 2011.
In trading conditions that remain difficult, like-for-like sales trends for the Group are similar to those reported in October, with year-to-date like-for-like sales slightly lower at -1.8%, although our specialist Merchanting division has seen a small positive impact from the closure of a competitor.
11 Months Ended 30 November 2012
| General Merchanting | Specialist Merchanting | Plumbing & Heating | Consumer(1 and 2) | Total |
% | % | % | % | % | |
Total sales | 1.4% | 3.7% | (5.8)% | 13.3% | 1.6% |
Like-for-like sales | (0.4)% | 1.6% | (1.8)% | (5.8)% | (1.8)% |
1. 47 weeks ended 1 December. Total sales include Toolstation, which was consolidated from 3 January 2012.
2. On a proforma basis (which includes Toolstation in 2011) total sales were up 2.9% and the reduction in like-for-like sales was smaller at -3.2%.
These trends mean that our outlook for the year as a whole remains unchanged from that stated in our October Interim Management Statement. We remain on target to meet consensus earnings per share and are on track to achieve our net debt target of approximately £450m at the year end.
Our next update will be the release of our 2012 preliminary results on Wednesday 20 February 2013.
- Ends -
Enquiries: | |
Geoff Cooper, Chief Executive | |
Paul Hampden Smith, Finance Director | |
Travis Perkins PLC | +44 (0)1604 683 112 |
David Bick/Mike Feltham/Mark Longson | |
Square 1 Consulting | +44 (0) 207 929 5599 |
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