London · Delayed Price · Currency is GBP · Price in GBX Travis Perkins Earnings Call Transcripts
Fiscal Year 2025
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Revenue was broadly flat at £4.6bn, with adjusted operating profit down 12.5% and strong cash generation leading to the best net cash position in decades. The group is focused on operational improvements, cost discipline, and leveraging synergies, while navigating a competitive and uncertain market.
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Revenue declined 2.1% year-over-year to £2.3 billion, with adjusted operating profit at £63 million and net debt sharply reduced. Operational improvements, targeted promotions, and system fixes are driving a gradual recovery, though market conditions remain challenging.
Fiscal Year 2024
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Revenue declined 4.7% to £4.6bn and adjusted operating profit fell 23.2% amid challenging market conditions and operational disruptions. Toolstation U.K. remains a bright spot, while merchanting underperformed. 2025 profit is expected to be flat year-on-year.
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H1 2024 saw revenue down 4.4% and adjusted operating profit at £75 million amid weak demand and intense competition. Overheads were reduced, cash flow improved, and strategic exits and restructuring are underway, positioning the group for recovery as market conditions gradually improve.