A strong Q2 19 performance by Travis Perkins was led by the improved business performance of Retail business and continued robust momentum at Toolstation. However, amidst the mixed key leading indicators of the UK builder’s merchanting and home improvement market, management maintained a cautious outlook for short-term demand. The demerger of Wickes was also announced. No material changes in our financial estimates.
06 Aug 2019
Strong Q2; cautious outlook for the second-half of the year
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Strong Q2; cautious outlook for the second-half of the year
Travis Perkins plc (TPK:LON) | 712 -14.3 (-0.3%) | Mkt Cap: 1,514m
- Published:
06 Aug 2019 -
Author:
Mohit Rathi -
Pages:
3
A strong Q2 19 performance by Travis Perkins was led by the improved business performance of Retail business and continued robust momentum at Toolstation. However, amidst the mixed key leading indicators of the UK builder’s merchanting and home improvement market, management maintained a cautious outlook for short-term demand. The demerger of Wickes was also announced. No material changes in our financial estimates.