Essential reading for retailers and suppliers in the home improvement market

Travis Perkins profits up to £261.4m

Published: 4 March 2008
Wickes parent company, Travis Perkins (TP), has announced an 18.7% increase in pre-tax profits, but warned of a slowdown in market growth.
Travis Perkins profits up to £261.4m
The Northampton-based company reported pre-tax profits of £261.4m and revenue up 15.1% to £3.187m.

Its chief executive, Geoff Cooper, said: "The strong results accelerated expansion of the group and we are well placed to continue progress in what we expect to be a more challenging market in 2008."

At Wickes, which TP acquired in 2005, like-for-like (lfl) sales of its core products were up 7.5%, while its showroom – 'big ticket – sales fell by 4.6%. Overall lfl sales were up 5.5%.
Wickes now trades from 185 stores.

The results showed that Wickes' newly developed transactional website has broken even within its first 12 months and is now a regular among the top 10 stores in weekly takings.

· Don't miss a full report and analysis of the results in the March 14 issue of DIY Week.

Comments


(Your email address will not be published)
Already Registered?
Sign In
Not Yet Registered?
Register
Printable View E-mail Bookmark
*

Latest reader comments

re: Latest update on Green Homes Grant and implications for homeowners and landlords

John Hart
After applying for a green homes how long will it take for a decision? thanks...

re: SX Rainproof Exterior Caulk

Wally
I need the exterior sx rain resistant caulk! Can't get it anywhere so please help! How can I order it? Need it yesterday...

re: BCT can replicate any material in a ceramic tile

Christina Tiritanou
Not sure if you can help as I require a tile which has the measurements of 6”x 6”? Thank you....

re: Latest update on Green Homes Grant and implications for homeowners and landlords

colin thompson
SarahVery clear and helpful information.Thanks...

Most read stories