Travis Perkins Group price inflation at 16.3% in Q3 with volume down by 5.6%
Travis Perkins Group delivered a mixed third quarter trading performance with total value sales growth of 10.7%* and like-for-like sales growth of 7.4%. The numbers were driven by strong product inflation, up by 17.5% in its builders’ merchants and of 9.5% at Toolstation. (Q3 is the three months to 30 September 2022)
The Merchanting businesses continue to outperform their markets, delivering total sales growth of 11.5%* with trading performance remaining consistent throughout the quarter.
Travis Perkins General Merchant, the UK’s largest distributor of building materials, saw some slowing of demand through the period in the smaller trade customer segment although demand from larger repair and maintenance contractors held up well.
The Specialist merchants (BSS, CCF, Keyline, TF Solutions and Staircraft), which represent around 40% of the Merchant segment by revenue, benefitted from their exposure to predominantly larger subcontractors across new build commercial and housing, industrial maintenance and infrastructure projects to deliver another robust performance during the quarter.
Toolstation, the Group’s supplier of tools, accessories and lightside building products, returned to growth with total sales up by 6.1%* and like-for-like sales up 0.2% year on-year with the trend improving throughout the quarter supported by a positive response from customers to the new catalogue in September. The European business continues to progress well, seeing total sales growth* of 23.3% in the quarter, and Toolstation remains on track to roll out around 80 new branches in 2022, split equally across the UK and Europe.
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