Builders merchant group Travis Perkins reported like-for-like sales down 1.8 per cent in the first four months of the year.
The Keyline, PTS and Wickes parent said a slump in construction work during the unprecedented cold Spring had hit sales, but that April and May were showing signs of recovery.
Group revenue was 1.2% lower, year on year.
“Leading indicators have strengthened, which continues to suggest there should be an improvement in volumes in the second half of the year as we anticipated,” said CEO Geoff Cooper.
“Overall, the Group continues to be in good shape and poised to respond to any meaningful signs of market recovery,” he said.
Wickes’ like-for-like sales fell 6.1% in the period, while plumbing and heating like-for-likes were 2.6 % lower and specialist merchandise like-for-like sales rose 5.9%.