Travis Perkins (TPK) 
Travis Perkins: Trading update for six months to 30 June 2020 
 
28-Jul-2020 / 07:00 GMT/BST 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
28 July 2020 
 
Travis Perkins plc - H1 2020 Trading update 
 
    In advance of the announcement of interim results on 08 September, today 
  Travis Perkins sets out a trading update covering sales figures by quarter 
      for the first half of 2020. 
 
      Nick Roberts, CEO, commented: 
 
 "Since the trading update on 15 June, the business has continued to recover 
well with good demand from RMI and infrastructure markets offsetting ongoing 
      challenges in the new build and commercial construction sectors. 
 
We remain cautious as to the near-term headwinds facing our business and the 
wider economy, nevertheless the decisive actions we have taken to manage our 
cost base mean that we are well placed to continue to service our customers, 
      support our colleagues and generate value for our shareholders." 
 
      Trading performance 
 
   Overall, Group revenue for the first six months of 2020 was GBP2,780m, down 
   20% on the same period in 2019 (GBP3,484m) due to the significant impact of 
      the COVID-19 pandemic and resulting lockdown. 
 
      Quarterly sales by segment 
 
H1 2020           Merchanting Toolstation Retail     P&H   Group 
Like-for-like         (25.8)%       12.9% (8.2)% (22.8)% (19.3)% 
sales 
Net new space and      (0.7)%       23.6% (0.8)% (11.1)%  (1.5)% 
acquisitions 
Trading days             0.6%        0.6%   0.5%    0.6%    0.6% 
Total sales           (25.9)%       37.1% (8.5)% (33.3)% (20.2)% 
growth 
 
Q2 2020          Merchanting Toolstation  Retail     P&H   Group 
Like-for-like        (42.8)%       16.5% (19.8)% (48.4)% (34.8)% 
sales 
Net new space         (0.5)%       26.0%  (0.5)%  (8.4)%  (0.9)% 
and acquisitions 
Trading days               -           -       -       -       - 
Total sales          (43.3)%       42.5% (20.3)% (56.8)% (35.7)% 
growth 
 
                 Merchanting Toolstation  Retail     P&H   Group 
Q1 LFL Sales          (8.7)%        9.1%    4.5%  (1.9)%  (3.8)% 
Growth 
Q2 LFL Sales         (42.8)%       16.5% (19.8)% (48.4)% (34.8)% 
Growth 
 
      Q2 like-for-like sales progression by month 
 
      Merchanting Toolstation  Retail     P&H   Group 
April     (73.1%)      (1.9%) (53.1%) (69.1%) (63.6%) 
May       (37.4%)       23.8% (32.1%) (53.0%) (34.6%) 
June      (17.6%)       27.6%   21.7% (23.4%)  (6.7%) 
Q2        (42.8%)       16.5% (19.8%) (48.4%) (34.8%) 
 
   Since the most recent update in mid-June, the Merchanting businesses have 
      continued to recover well with the improvement in RMI markets and 
infrastructure spending proving to be more robust than the new housebuilding 
    and commercial construction markets. Plumbing & Heating markets are also 
recovering more gradually as projects are predominantly carried out indoors. 
 
  Toolstation and Wickes continue to benefit from strong DIY sales delivered 
   through market-leading multi channel capability. Overall, Wickes achieved 
      strong sales growth in June following the re-opening of its stores to 
  customers in late May, with significant growth in core DIY categories more 
    than offsetting the slower recovery in Kitchen & Bathroom installations. 
 
  Despite the closure of 165 branches in June, representing around 8% of the 
  Group's overall estate, the Group has continued to experience an improving 
   trend on total sales volumes so far in July, with the Group's total sales 
      run rate now close to prior year. 
 
     At 30 June 2020, the Group had GBP455m of cash on deposit giving a strong 
       overall liquidity headroom position of GBP855m. 
 
      Enquiries: 
 
Travis Perkins                     Powerscourt 
Graeme Barnes                      Justin Griffiths / James White 
+44 (0) 7469 401819                +44 (0) 207 2501446 
graeme.barnes@travisperkins.co.uk  travisperkins@powerscourt-group.com 
 
ISIN:          GB0007739609 
Category Code: TST 
TIDM:          TPK 
LEI Code:      2138001I27OUBAF22K83 
Sequence No.:  78263 
EQS News ID:   1103187 
 
End of Announcement EQS News Service 
 
 

(END) Dow Jones Newswires

July 28, 2020 02:00 ET (06:00 GMT)

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