Travis Perkins reports growths in first half of 2015
Travis Perkins, parent company to CCF, has reported that revenue increased by 7.8% with like-for-like revenue up 5.7% in the first half year of trading in 2015.
The Group’s revenue increased by £212m, or 7.8%, to £2,943m. Like-for-like sales grew by 5.7% with additional growth through opening of 49 new branches. Adjusted operating profits increased by 5.7% to £185m.
In Travis Perkin’s Contracts Division revenue grew by 17.9% due to very strong growth in CCF and Keyline with both businesses taking significant market share. BSS maintained its position as the market leader in the industrial plumbing market in a more competitive operating environment.
Optimising the Contracts Division footprint is a key focus of Travis Perkins. The Group has been relocating and redesigning branches to improve operational efficiency. CCF added two additional branches and has plans to open further branches.
John Carter, Travis Perkins chief executive said: “The Group has delivered a strong underlying performance in the first half. Our key strategic priorities are unchanged; modernising General Merchanting, transforming Wickes and completing the Plumbing & Heating re-segmentation programme. We continue to anticipate a full year result in line with expectations and delivering against our targets including low double-digit profit growth and sales outperformance of our markets.”
