Travis Perkins PLC
28 April 2004
For immediate release: 28 April 2004
Travis Perkins Sales Up 12 per cent in First Four Months
Sales of Travis Perkins, one of the UK's leading builders' merchants, were
twelve per cent higher in the first four months of the current year than in the
same period of 2003, Tim Stevenson, chairman, will tell shareholders at the
company's annual meeting in London later today. Like for like sales showed a
two per cent increase.
Looking ahead, Mr. Stevenson says that the combination of organic growth and the
full year benefits of the company's acquisition and brownfield expansion
programme can be expected to provide earnings growth in 2004. Given a
continuation of reasonable market conditions, Travis Perkins reiterates that it
is well placed to make further progress this year.
Since the end of 2003 the group has added or contracted to add a net 31 more
branches to the network. At the end of last year it had 700 branches compared
with 610 a year earlier.
Mr Stevenson will also confirm that, as anticipated in the company's Annual
Report, due to his other work commitments, Charles Fisher will retire as a
director of the company at the conclusion of the meeting. Mr Stevenson will
thank Mr Fisher for his contribution to the Company.
Issued on behalf of Travis Perkins plc by Tavistock Communications Limited
(contact Keith Payne, tel: 020 7920 3150)
This information is provided by RNS
The company news service from the London Stock Exchange
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