Join our community of smart investors

Demand for repairs boosts Travis Perkins

Its long-term prospects are tied to the continuing growth of the housing and construction markets.
Demand for repairs boosts Travis Perkins
  • Increased full-year guidance to “at least £310m of adjusted operating profit”.
  • Interim dividend reinstated at 12p per share.

Building materials supplier Travis Perkins (TPK) is benefiting from the release of built up demand in the repair, maintenance and improvements (RMI) market. Like-for-like revenue from continuing business was up 44.1 per cent compared to 2020 and 14.5 per cent against 2019 driven by “both domestic and commercial RMI”. Travis’ medium term prospects are dependent on whether this building improvement trend is a short-term surge due to the pandemic or a more permanent change in household behaviour.

To continue reading...
Join our Community of Smart Investors
  • Independent full-length company analysis
  • Actionable investment ideas and recommendations
  • Expert investment tools and data
  • Stock screens from Algy Hall
Have an account? Sign in