Group revenue at builders merchant group Travis Perins was down 5.7%, for the three months to September 30, a fall driven by the group’s Merchanting segment. There was a more robust performance from Toolstation, where revenue rose 2.9% in the UK and Benelux like-for-like sales were up 9.6%. The loss-making …
Read More »Marshalls boosts profits as half-year turnover slips
Building and landscaping products manufacturer Marshalls reported a rise in pre-tax profit to £21.5m from £16.7m as turnover dipped to £307m from £354m for the six months to June 30 2024. The reduction in revenue was mainly down to subdued demand for the group’s landscape products, a reflection of the …
Read More »Travis Perkins’ half-year shows progress in the face of persistent challenges
Sales at builders merchant group Travis Perkins plc fell 4.4% in the six months to June 30, its has published half year results revealed this morning (August 6). Lower volumes and the added impact of price deflation on the group’s Merchanting division gross margin saw adjusted operating profit fall to …
Read More »Market challenges push SIG into the red in first half
A first-half pre-tax loss of £11.3m on turnover of £1.32bn has been posted by insulation and building materials distribution giant SIG for the six months to June 30 2024. The same period last year reported a pre-tax profit of £12.2m and turnover of £1.4bn. The downturn in fortunes has …
Read More »MKM posts 13% revenue rise
Builders merchant chain MKM Building Supplies Limited, saw a 13% rise in sales in the year to September 30 2023, with profits only marginally down at £88.2m. That’s according to the full year results for the period, released this morning (April 24th). The slight drop in profits was attributed to …
Read More »Tough times at Travis Perkins
We go to gain a little piece of ground, That have no profit in’t but the name I was at a few lunches in the run-up to Christmas (a hard old job, but someone’s got to do it) at which one of the topics under discussion was the “structural reorganisation” …
Read More »Weak market conditions slash Travis Perkins profits
Builders merchant group Travis Perkins posted a slight drop in revenue and a slump in operating profits for the year ending December 31 2023, a financial period described as “a challenging year in weak market conditions”. The unaudited full-year results, released this morning (March 5) show overall sales down 2.7% to £4.86bn, with operating profits …
Read More »TRAILBLAZERS 2024: MERCHANTS’ INPUT NEEDED
It’s that time of year again. The 2024 edition of BMJ’s Trailblazers will be published with the April edition. Once again, it will feature the top UK builders merchants, those turning over more than £28m in their last financial year. Trailblazers has long been used to benchmark the industry, comparing …
Read More »Challenging market impacts Travis Perkins’ Q3 sales and profits
Builders merchant group Travis Perkins has reported that market challenges and “significant commodity product deflation” will affect full-year profit expectations, while Q3 sales and profits fell 1.8%. In the third quarter revenue from the group’s merchanting businesses fell 0.3%, and 6.4% on a year-to-date basis, while Toolstation UK delivered revenue …
Read More »Travis Perkins sees first half sales and profits fall
Builders merchant group Travis Perkins has posted a fall of 2.5% in revenue and 31% in adjusted operating profts for the six months to June 30 2023. The announcement today (August 1) showed sales were £2,472m and operating profit £112m reflecting weak market volumes in private domestic RMI and new …
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