28th Apr 2026 10:30
(Alliance News) - Travis Perkins PLC on Tuesday said reduced construction activity is hurting sales volumes and sent revenue downward in the first three months of 2026.
Travis shares were down 4.8% to 520.00 pence on Tuesday morning in London. They were the third worst performers in the FTSE 250 index, which was down just 0.1%.
The Northampton, England-based building materials distributor and retailer said total revenue fell 3.1% in the first quarter on a year before.
Within this like-for-like revenue was down 1.7%, to which network changes added a 1.4% decline. Within like-for-like revenue, volume was down 2.8%, partly offset by a 1.1% contribution from price and sales mix.
Like-for-like revenue was down 2.3% in Travis's Merchanting division, which is particularly exposed to UK construction activity. The disposal of Staircraft last year added another 1.9% revenue decline.
More positively, Toolstation UK booked a 2.6% like-for-like revenue rise, though Toolstation Benelux revenue was down 7.1% on the same basis.
Travis reported "challenging trading conditions" in the first quarter. However, it said it is managing its overheads and identifying operating efficiencies.
"Ongoing capital discipline and incremental cash generation opportunities are continuing to enhance the group's financial position," the company said.
By Tom Waite, Alliance News editor
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