Builders Merchants Journal – BMJ Publishing to Builders Merchants and the UK merchanting industry for more than 95 years
Travis Perkins plc has posted its Q3 trading update for the three months to September 30 2026.
The update reports that group overall performance in the third quarter continued in line with the first half year, with revenue in the quarter declining by 1.6%.
UK construction output and volumes remain subdued, most notably in new build residential, as macroeconomic uncertainty persists.
The group’s Merchanting businesses continue to actively manage their transaction mix, prioritising higher margin trade and protecting the group against credit risk. This approach is helping to mitigate the impact to profitability, despite the volume headwinds.
In addition, the group is annualising the deeper promotional activity undertaken in Q3 last year.
Toolstation UK delivered solid revenue growth in the quarter as it continues to expand, in line with expectations and looks ahead to further store openings in 2027. Toolstation Benelux performance remains challenging and the group continues to explore opportunities arising from its current strategic review to address this.
Chief executive officer Gavin Slark, comments: “In challenging market conditions we remain focused on what we can control. Our ongoing cost discipline and trading approach are protecting profitability whilst we continue to identify and implement further operational efficiencies. We look forward to providing more detail on our strategy and operational priorities at our Preliminary results in March 2027.”
