Business
Full year results for the twelve months ended 3...
Full year results for the twelve months ended 3....
About this update from Travis Perkins Plc
[{"type":"text","content":"\n \n\n\nTravis Perkins (TPK)\n\n\n\nTravis Perkins: Full year results for the twelve months ended 31 December 2019; Positive trading performance against a challenging market backdrop03-March-2020 / 07:00 GMT/BSTDissemination of a Regulatory Announcement, transmitted by EQS Group.The issuer is solely responsible for the content of this announcement.\n\n\nTravis Perkins plc\n\nFull year results for the twelve months ended 31 December 2019\n\nPositive trading performance against a challenging market backdrop\n\n \n\n\n £m\n \n \n Note\n \n \n FY 2019\n \n \n FY 2018as reported\n \n \n FY 2018IFRS 16(1)\n \n \n Change vs illustrative comparatives\n \n \n Revenue\n \n \n \n \n \n 6,956\n \n \n 6,741\n \n \n 6,741\n \n \n 3.2%\n \n \n Like-for-like revenue growth(2)\n \n \n \n \n \n 3.8%\n \n \n 4.9%\n \n \n 4.9%\n \n \n (1.1)ppt\n \n \n Adjusted operating profit(2)\n \n \n 6a\n \n \n 442\n \n \n 375\n \n \n 410\n \n \n 7.8%\n \n \n Adjusted earnings per share(2)\n \n \n 12b\n \n \n 112.7p\n \n \n 114.5p\n \n \n 106.0p\n \n \n 6.3%\n \n \n ROCE(2)\n \n \n 16\n \n \n 10.1%\n \n \n 10.5%\n \n \n 9.6%\n \n \n 0.5ppt\n \n \n Covenant net debt(2)\n \n \n 15a\n \n \n 344\n \n \n \n \n \n 300\n \n \n 44\n \n \n Dividend per share\n \n \n 13\n \n \n 48.5p\n \n \n \n \n \n 47.0p\n \n \n 3.2%\n \n \n Operating profit / (loss)\n \n \n \n \n \n 232\n \n \n (22)\n \n \n \n \n \n \n \n \n Total profit / (loss) after tax\n \n \n \n \n \n 123\n \n \n (84)\n \n \n \n \n \n \n \n \n Basic earnings per share\n \n \n 12a\n \n \n 48.9p\n \n \n (34.4)p\n \n \n \n \n \n \n \n (1) Figures adjusted on a non-statutory illustrative basis for IFRS 16 - Leases as previously reported in May 2019\n\n(2) Alternative performance measures are used to provide a guide to underlying performance. Details of calculations can be found in the notes listed\n\nFinancial highlights\n\nLike-for-like revenue growth of 3.8% with total revenue growth of 3.2%\n Good growth in the Merchant businesses despite challenging market conditions, continued excellent growth in Toolstation and a strong recovery in Wickes\n Adjusted operating profit growth of 7.8% driven by Wickes recovery, the transformation programme in P&H and the positive impact of cost reduction activities\n Net adjusting items of £187m inclu...