Travis Perkins ended the FY18 on a strong note. While all businesses clocked strong lfl sales growth, the key highlight was the return of Wickes (DIY banner) into positive territory. Management has guided for a stable FY19 operating profit, despite the expected higher inflationary cost pressures. We will revise our estimates upwards.
27 Feb 2019
A strong end to FY18 led by the Wickes recovery
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A strong end to FY18 led by the Wickes recovery
Travis Perkins plc (TPK:LON) | 712 -14.3 (-0.3%) | Mkt Cap: 1,514m
- Published:
27 Feb 2019 -
Author:
Mohit Rathi -
Pages:
3
Travis Perkins ended the FY18 on a strong note. While all businesses clocked strong lfl sales growth, the key highlight was the return of Wickes (DIY banner) into positive territory. Management has guided for a stable FY19 operating profit, despite the expected higher inflationary cost pressures. We will revise our estimates upwards.