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Travis Perkins turnover jumps 52%

Builders merchant group Travis Perkins increased sales by 52% in the last financial year, with a corresponding 37% jump in pre-tax profits.

In the year to December 31 2011 pre-tax profits were up to £296.7m from £217.7m while turnover rose to £4,779m from £3,152m.

Like-for-like sales were 6% with the BSS group – acquired for £800m at the end of 2010 – accounting for the rest.

The group expects the construction market to remain subdued this year with a slight dip in construction volumes.

Geoff Cooper, chief executive, said: “2011 was a good year for Travis Perkins. Despite a depressed construction market, we improved services to customers, gained market share, even before the expansion of our network and exceeded our targets from the integration of BSS, continued to outperform our markets, and won further market share.

“This meant we achieved a good set of financial results with improvements in all key figures.

“Having built the UK’s largest distributor of building materials, we will be focusing on growing returns.

“With the prospect of the market softening as we go into 2012, the continued improvement in our offer to customers and gains from strategic developments will be the engine of this growth.”

About Fiona Russell-Horne

Fiona Russell-Horne
Group Managing Editor across the BMJ portfolio.

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