Travis Perkins released its trading update for Q1 16, slightly below our estimates and ahead of market consensus. The lfl revenue was up 4.2% (vs Q4: +1.4%, Q3: +2.6%, H1 15: +5.7%) on the back on better RMI activity; new space addition further propelled total revenue growth to +5% (+6.2% on a comparable days basis) vs our estimate of 6.9%. - General Merchanting: Lfl revenue was up 4.7% on the back of growth in the Benchmarx business, heavyside categories and timber (further supported by inve
03 May 2016
Better RMI accelerates growth; Brexit might spoil the party
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Better RMI accelerates growth; Brexit might spoil the party
Travis Perkins plc (TPK:LON) | 728 -0.7 (0.0%) | Mkt Cap: 1,546m
- Published:
03 May 2016 -
Author:
Nishant Choudhary -
Pages:
3
Travis Perkins released its trading update for Q1 16, slightly below our estimates and ahead of market consensus. The lfl revenue was up 4.2% (vs Q4: +1.4%, Q3: +2.6%, H1 15: +5.7%) on the back on better RMI activity; new space addition further propelled total revenue growth to +5% (+6.2% on a comparable days basis) vs our estimate of 6.9%. - General Merchanting: Lfl revenue was up 4.7% on the back of growth in the Benchmarx business, heavyside categories and timber (further supported by inve