Business
Interim Management Statement
Interim Management Statement.
About this update from Travis Perkins Plc
[{"type":"text","content":"\n \nRNS Number : 3762F Travis Perkins PLC 24 April 2014 \n \n\n \n \n24 April 2014\nTravis Perkins plc\nFirst quarter 2014 interim management statement - year started in line with expectations\n \nHighlights\n· Total sales growth of 15.6%, 14.2% on a comparable trading days basis\n· Like-for-like sales growth of 12.7%, 2 year like-for-like sales growth of 9.3%\n· Strong sales growth helped by weak 2013 comparatives\n· Overall trading consistent with expectations at the start of the year\n \nFirst Quarter 2014 Sales Growth\n\n\n\n\n\n\n\nGeneral Merchanting(1)\n\n\nConsumer(2)\n\n\nPlumbing & Heating(1)\n\n\nContracts(1)\n\n\nGroup\n\n\n\n\nLike-for-like\n\n\n16.6%\n\n\n6.9%\n\n\n13.2%\n\n\n12.8%\n\n\n12.7%\n\n\n\n\nTotal sales -comparable days basis\n\n\n17.3%\n\n\n9.0%\n\n\n14.5%\n\n\n14.7%\n\n\n14.2%\n\n\n\n\nTotal sales growth\n\n\n19.2%\n\n\n9.0%\n\n\n16.3%\n\n\n16.6%\n\n\n15.6%\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n \nComparative numbers - First Quarter 2013 Sales Growth\n\n\n\n\n\n\n\nGeneral Merchanting(3)\n\n\nConsumer(4)\n\n\nPlumbing & Heating(3)\n\n\nContracts(3)\n\n\nGroup\n\n\n\n\nLike-for-like\n\n\n(2.1)%\n\n\n(7.3)%\n\n\n(2.5)%\n\n\n0.9%\n\n\n(2.9)%\n\n\n\n\nTotal sales -comparable days basis\n\n\n(1.0)%\n\n\n(5.6)%\n\n\n(2.4)%\n\n\n0.8%\n\n\n(2.2)%\n\n\n\n\nTotal sales growth\n\n\n(4.1)%\n\n\n(6.7)%\n\n\n(5.5)%\n\n\n(2.3)%\n\n\n(4.8)%\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n \nStrong sales growth was recorded in the first quarter of 2014 as the positive momentum built in 2013 continued. However, the strong growth was in part the result of very weak comparatives owing to unseasonably cold weather in 2013 across much of the country.\nThe Travis Perkins business within the General Merchanting division performed well throughout the quarter due to continued market share gains and market volume growth. Both the Plumbing & Heating and Contracts divisions performed well. Within the Consumer division sales growth for Toolstation and the Wickes core proposition was strong. However, the kitchen and bathroom categories in Wickes were impacted by significant promotional activity in this market.\nThe sales price deflation experienced in 2013 dissipated in the first quarter of 2014, albeit not all...