Travis Perkins maintained the strong momentum in Q3 FY19 – all continuing businesses, especially Toolstation and Retail, contributed to the top-line. Although, management sounded cautious about the near-term outlook, it expects the full-year performance to remain in line with expectations. Progress with the Wickes demerger is on-track, but the disposal of the P&H business has been paused amidst the uncertain macro-economic environment.
23 Oct 2019
Resilient Q3; cautious near-term outlook maintained
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Resilient Q3; cautious near-term outlook maintained
Travis Perkins plc (TPK:LON) | 718 21.5 0.4% | Mkt Cap: 1,525m
- Published:
23 Oct 2019 -
Author:
Mohit Rathi -
Pages:
3
Travis Perkins maintained the strong momentum in Q3 FY19 – all continuing businesses, especially Toolstation and Retail, contributed to the top-line. Although, management sounded cautious about the near-term outlook, it expects the full-year performance to remain in line with expectations. Progress with the Wickes demerger is on-track, but the disposal of the P&H business has been paused amidst the uncertain macro-economic environment.