Travis Perkins reported its H1 FY2021 results which were broadly in line with market expectations. Robust activity levels in RMI markets supported the top-line momentum, with the group also lapping soft comparables in Q2. Revenue recovery and restructuring initiatives aided the profitability improvement. Management has reinstated the interim dividend, while slightly raising the adjusted operating profit guidance for the year. We will adjust our financial estimates but expect to maintain the caut ....
03 Aug 2021
Strong H1 performance, in line with expectations
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Strong H1 performance, in line with expectations
Travis Perkins plc (TPK:LON) | 728 -9.5 (-0.2%) | Mkt Cap: 1,547m
- Published:
03 Aug 2021 -
Author:
Vansh Mehta -
Pages:
3
Travis Perkins reported its H1 FY2021 results which were broadly in line with market expectations. Robust activity levels in RMI markets supported the top-line momentum, with the group also lapping soft comparables in Q2. Revenue recovery and restructuring initiatives aided the profitability improvement. Management has reinstated the interim dividend, while slightly raising the adjusted operating profit guidance for the year. We will adjust our financial estimates but expect to maintain the caut ....