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Tue October 20 2020

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11 Oct 10 Travis Perkins has enjoyed growth in revenue and operating margin during the third quarter of 2010 – but warned that other builders merchants were now taking steps to preserve their market share.

Travis Perkins has enjoyed growth in revenue and operating margin during the third quarter of 2010 – but warned that other builders merchants were now taking steps to preserve their market share.

In a trading statement for the three-month-period ending 30 September, Travis Perkins, said its gross margins were ahead of the same quarter last year, continuing the trend of the first six months of 2010.

“However, the recent response by competitors to the reduction in their market shares has resulted in an erosion of some of this gain,” it added.

In total, group turnover for the nine months to the end of September was up 6% on the equivalent period in 2009, with gains in market share for both merchanting and retail divisions.

For the first nine months of 2010, total turnover in Travis Perkins' merchanting division was up by 7.8%, though gross margins were slightly down in comparison to last year.

Its home improvement retail business Wickes reported an increase of total turnover for the 39-week trading period to 2 October of 2.1%.

Travis Perkins' underlying net debt has reduced in the third quarter from the £410m reported at 30 June 2010.

The firm said group trading for the last three months is in line with expectations.

Travis Perkins is still waiting for a decision by the Office of Fair Trading on its takeover of plumbing and heating specialist BSS.

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