Travis Perkins PLC
14 December 2006
14 December 2006
TRAVIS PERKINS PLC
Trading Update
Travis Perkins is today providing an update on the Group's trading:
Overall trading in the first five months of the second half year has been in
line with our expectations with the gradually improving trend continuing in
both merchant and retail markets.
Eleven months to Five months to
end November 2006 end November 2006
% %
Like for like turnover per trading day
General Merchanting 1.5 4.0
Specialist Merchanting 4.2 6.9
----- -----
Total Merchanting 2.5 5.1
----- -----
Retailing - Core (4.2) 0.4
- Showroom 0.1 3.9
----- -----
Total Retail (3.5) 0.9
----- -----
In addition to good like for like performance, our merchanting division has
enjoyed improved purchasing terms and has maintained tight cost controls.
All of our general merchanting businesses reported positive like for like sales
in the second half with particularly good growth in the South East. This was
complemented by good sales in our specialist merchanting business, driven by the
continued turnaround in our Plumbing & Heating business and further growth in
our Drylining Ceilings and Insulation business.
In retailing, we have gained both overall and like for like market share based
on a continually improving product offering, store expansion and, relative to
last year, a change in competitors' promotional strategies.
Whilst we have experienced good sales and margin performance and productivity
has continued to increase, cost pressures - notably property related costs -
have increased in the second half.
Overall, the Board's expectations for the outcome for 2007 remain unchanged.
The results for the year to 31 December 2006 will be announced on Tuesday 6
March 2007.
- ENDS -
Enquiries
Geoff Cooper, Chief Executive +44 (0)1604 683 221
Paul Hampden Smith, Finance Director
Travis Perkins plc
David Bick/Mike Feltham +44 (0)20 7929 5599
Holborn Public Relations Limited
This information is provided by RNS
The company news service from the London Stock Exchange
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