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Wickes reports large revenue growth over 2015

Published: 3 March 2016

Wickes' parent company Travis Perkins has released its financial results for 2015, with its consumer businesses - comprising Wickes and Toolstation - growing 8% throughout the year.
Wickes reports large revenue growth over 2015
Like-for-like revenue was up 5.3% for the retailers, which Travis Perkins bosses said "demonstrates continued strong market share gains." A further 40 Toolstation stores were opened in 2015, with additional openings on the horizon for 2016.

A breakdown of the year's quarterly results showed the consumer arm of TP had consistent LfL revenue growth during the year, up 6% in Q1, 6.9% in Q2, 2.3% in Q3 and 6.1% in Q4.

Overall revenue at the Travis Perkins group was up 6.5%, 3.8% LfL, which the company described as "good profit growth in a year of significant change and investment."

Chief executive officer John Carter said: "The group has delivered a good performance in 2015 despite the weaker than expected market in the second half of the year. We made very good progress on our key strategic priorities; modernising general merchanting, transforming Wickes and re-segmenting the plumbing and heating division, and we continued to improve our customer propositions, delivering access to greater ranges with better availability."

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