Business
Interim Results
Interim Results.
About this update from Travis Perkins Plc
[{"type":"text","content":"\n \nRNS Number : 0949K Travis Perkins PLC 25 July 2013 \n \n\n25 July 2013 \nTRAVIS PERKINS PLC\nINTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2013\nIMPROVING TREND AND OUTLOOK WITH 6% ADJUSTED EPS GROWTH AND INTERIM DIVIDEND UP 25%\nFINANCIAL HIGHLIGHTS \n· Revenue growth of 1.6%; 0.9% on a like-for-like basis\n· Revenue in the final two months of the half increased by 7%, 6.1% like-for-like\n· Adjusted profit before tax up £5m to £136m up 4.1%\n· Profit after tax of £106m down 18.9%\n· Adjusted EPS up 6% to 43.9p from 41.4p\n· Net debt reduced by £46m to £406m driven by increased free cash flow of £116m\n· 25% increase in interim dividend to 10.0p \nOPERATING HIGHLIGHTS \n· Start to the year very tough with significant deflation\n· Considerable step up in performance in May and June\n· Strong cost control in General Merchanting division \n· Revenue for Specialist division up 8.0%\n· Operating margin up 0.4% in Plumbing and Heating\n· Acquisition of Solfex in the renewable energy products sector\n\n\n\n\n\n\n\nSix months ended 30 June 2013\n\n\nYear-on-year change\n\n\nSix months ended 30 June 2012\n**(Restated)\n\n\n\n\n\n\n\n£m\n\n\n%\n\n\n£m\n\n\n\n\nRevenue\n\n\n2,449.5\n\n\n1.6...