A good year ends for Travis Perkins – the healthy FY19 top-line performance, combined with cost savings led to a profitability improvement during the period. However, management has maintained the cautious outlook for FY20, as the macro-economic uncertainties in the UK are far from over yet. Nevertheless, the Wickes demerger plan remains on track for Q2 FY20.
03 Mar 2020
Strong FY19; challenging environment to persist in FY20
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Strong FY19; challenging environment to persist in FY20
Travis Perkins plc (TPK:LON) | 712 -14.3 (-0.3%) | Mkt Cap: 1,514m
- Published:
03 Mar 2020 -
Author:
Mohit Rathi -
Pages:
3
A good year ends for Travis Perkins – the healthy FY19 top-line performance, combined with cost savings led to a profitability improvement during the period. However, management has maintained the cautious outlook for FY20, as the macro-economic uncertainties in the UK are far from over yet. Nevertheless, the Wickes demerger plan remains on track for Q2 FY20.