With the blip seen in July and August across UK housing data, Travis Perkins Q3 15 trading update was no exception. Lfl sales growth moderated to 2.6% vs. 5.7% seen in H1 as demand slowed across all businesses in July and August. Nonetheless, management confirmed that it saw recovery in volumes in September and October, and expects demand to be sustained. - Sales growth in General merchanting abated to 1.7% during the quarter vs. 6.7% in H1 on the back of weaker volumes and less favourable pr
17 Nov 2015
Robust growth despite Q3 blip; self-help measures give confidence on margin protection
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Robust growth despite Q3 blip; self-help measures give confidence on margin protection
Travis Perkins plc (TPK:LON) | 712 -14.3 (-0.3%) | Mkt Cap: 1,514m
- Published:
17 Nov 2015 -
Author:
Vibha Issar -
Pages:
3
With the blip seen in July and August across UK housing data, Travis Perkins Q3 15 trading update was no exception. Lfl sales growth moderated to 2.6% vs. 5.7% seen in H1 as demand slowed across all businesses in July and August. Nonetheless, management confirmed that it saw recovery in volumes in September and October, and expects demand to be sustained. - Sales growth in General merchanting abated to 1.7% during the quarter vs. 6.7% in H1 on the back of weaker volumes and less favourable pr