Builders and plumbers merchant group Travis Perkins has issued a trading update which shows overall turnover up by 54%.
However, making a proforma adjustment for the inclusion of the BSS business in 2010 (but excluding data from the recently disposed Buck and Hickman business from both years), shows that group turnover for the eleven months to the end of November was up 5.5%.
For the period total turnover in the merchanting division, was up by 11.3%, (9.8% general merchanting, 13.7% specialist merchanting) including an increase in like-for-like turnover per trading day of 9.3%.
Like-for-like turnover per trading day for the last two months to 30 November increased by 8.0%.
In Wickes, delivered turnover for the trading period to 26 November was up 0.6% with like-for-like delivered sales down by 1.6%. Core product sales, representing some 80% of turnover, increased on a like-for-like basis by 1.6%. Kitchen and bathroom delivered sales were down 13.3%, reflecting continued poor and weakening consumer confidence for major purchases.
Total turnover for BSS for the first eleven months of 2011 (excluding Buck & Hickman from both years) was up by 2.4%, with like-for-like turnover per trading day up by 2.8%.