20th Apr 2016 06:12
LONDON (Alliance News) - Builders' merchant Travis Perkins PLC on Wednesday said trading met its expectations in the first quarter, with total and like-for-like sales growth proving robust.
The FTSE 100-listed group said total sales grew 5.0% in the quarter to the end of March, while like-for-like sales rose 4.2%.
Like-for-like sales in Travis's General Merchanting division rose 4.7% in the quarter, helped by good growth in heavyside categories and timber, while Plumbing & Heating trading settled following a volatile few quarters driven by a restructuring programme in 2015.
Contracts sales grew 2.1%, with good growth across the division, while Travis Perkins said its Consumer business saw like-for-like sales rise 7.3%, particularly strong given the early date of Easter this year.
"All of our businesses demonstrated good growth in the first quarter of 2016, driven by the recovery in the RMI market and by the investments we have made to improve our customer propositions as part of our five-year plan," said Travis Chief Executive John Carter.
By Sam Unsted; [email protected]; @SamUAtAlliance
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