Builders merchant group Travis Perkins plc has recorded strong sales figures for the first quarter of 2014.
The Group’s total sales growth was up 15.6% for the three-month period ended 31 March 2014, while the general merchanting division saw its total sales growth up 19.2% compared to the same period last year.
However, the Group said the strong growth was in part the result of very weak comparatives owing to unseasonably cold weather in 2013 across the UK.
Chief executive John Carter said: “All of our businesses recorded strong sales growth in the first quarter of 2014 and lead indicators for our different markets are encouraging and performing and we remain on course to meet our targets set out in February.
“We are confident that the plans we have in place will support our drive to outperform our markets, improve earnings and ultimately increase return on capital.”