Travis Perkins continued its strong performance from H2 FY2020 into Q1 FY2021, delivering 17.4% lfl sales growth ahead of market expectations. No wonder, the stock was up c.2% at time of writing. We expect the group to maintain its growth momentum as the UK emerges out of the lockdown measures with the vaccine roll-out to underpin economic and construction activity. Furthermore, the soft comparable in the near term should help.
15 Apr 2021
A robust start to 2021
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A robust start to 2021
Travis Perkins plc (TPK:LON) | 725 -35.5 (-0.7%) | Mkt Cap: 1,541m
- Published:
15 Apr 2021 -
Author:
Vansh Mehta -
Pages:
3
Travis Perkins continued its strong performance from H2 FY2020 into Q1 FY2021, delivering 17.4% lfl sales growth ahead of market expectations. No wonder, the stock was up c.2% at time of writing. We expect the group to maintain its growth momentum as the UK emerges out of the lockdown measures with the vaccine roll-out to underpin economic and construction activity. Furthermore, the soft comparable in the near term should help.