Tuesday, Travis Perkins plc (TPK.L), the UK's leading distributor of building materials, has issued its Q1 trading update for the period ending 31 March 2025, and reported a 2.1% decline in group revenue on a like-for-like basis, reflecting a challenging market environment.
The Merchanting segment saw a revenue drop of 3.2%, as pricing stabilized while volumes declined modestly. In response, the company is prioritizing customer service improvements by reinforcing its branch and sales teams.
Meanwhile, Toolstation demonstrated solid performance, achieving like-for-like revenue growth of 3.7%. The business continued to make progress in realizing maturity benefits and implementing strategies to enhance operating margins.
In addition, Merchanting experienced a 3.1% decline in like-for-like volume, while Toolstation saw a 2.5% increase. The Group overall recorded a 2.2% reduction in volume. Network changes and trading days contributed minor effects to total revenue growth, which resulted in a 2.4% decrease at the Group level.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.