Travis Perkins ‘TP’ reported better lfl revenue growth (2.7% vs our estimate: 1.5%) in Q2 FY17, on the back of a strong performance in Contracts (+6.4% yoy; contributed c.21% to group revenue) and Consumer divisions (+6.5% yoy; contributed c.25% to group revenue). The growth was largely driven by improved customer propositions and the benefit of recent investment in the business. The General Merchanting ‘GM’ division was up marginally (0.3% yoy; contributed c.33% to gr
11 Aug 2017
Decent quarterly results; not much hope from P&H turnaround plan
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Decent quarterly results; not much hope from P&H turnaround plan
Travis Perkins plc (TPK:LON) | 717 -121.9 (-2.3%) | Mkt Cap: 1,524m
- Published:
11 Aug 2017 -
Author:
Nishant Choudhary -
Pages:
3
Travis Perkins ‘TP’ reported better lfl revenue growth (2.7% vs our estimate: 1.5%) in Q2 FY17, on the back of a strong performance in Contracts (+6.4% yoy; contributed c.21% to group revenue) and Consumer divisions (+6.5% yoy; contributed c.25% to group revenue). The growth was largely driven by improved customer propositions and the benefit of recent investment in the business. The General Merchanting ‘GM’ division was up marginally (0.3% yoy; contributed c.33% to gr