Builders Merchants Journal – BMJ Publishing to Builders Merchants and the UK merchanting industry for more than 95 years
The Group has continued to experience challenging trading conditions in the first quarter, with Group revenue down (1.7)% on a like-for-like basis.
In the Merchanting segment, revenue was down (2.3)% on a like-for-like basis as construction activity levels remain subdued. Against this market backdrop these businesses are making progress in passing through manufacturer price increases and delivering further procurement benefits, whilst continuing to maintain market share in the General Merchant. The network change of (1.9)% reflects the disposal of Staircraft in 2025.
Toolstation UK had a solid first quarter with like-for-like revenue growth of 2.6%. The business continues to see maturity benefits from its estate and is delivering further margin growth through the evolution of its range and offer.
Looking forward the Group remains focused on managing its overheads and identifying further operational efficiencies, whilst ongoing capital discipline and incremental cash generation opportunities are continuing to enhance the Group’s financial position.
