Business
Trading update for six months to 30 June 2020
Trading update for six months to 30 June 2020.
About this update from Travis Perkins Plc
[{"type":"text","content":"\n \n\n\nTravis Perkins (TPK)\n\n\n\nTravis Perkins: Trading update for six months to 30 June 202028-Jul-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\n28 July 2020\n\nTravis Perkins plc - H1 2020 Trading update \n\nIn advance of the announcement of interim results on 08 September, today Travis Perkins sets out a trading update covering sales figures by quarter for the first half of 2020. \n\nNick Roberts, CEO, commented:\n\n\"Since the trading update on 15 June, the business has continued to recover well with good demand from RMI and infrastructure markets offsetting ongoing challenges in the new build and commercial construction sectors. \n\nWe remain cautious as to the near-term headwinds facing our business and the wider economy, nevertheless the decisive actions we have taken to manage our cost base mean that we are well placed to continue to service our customers, support our colleagues and generate value for our shareholders.\"\n\nTrading performance\n\nOverall, Group revenue for the first six months of 2020 was £2,780m, down 20% on the same period in 2019 (£3,484m) due to the significant impact of the COVID-19 pandemic and resulting lockdown. \n\nQuarterly sales by segment\n\n\n H1 2020\n \n \n Merchanting\n \n \n Toolstation\n \n \n Retail\n \n \n P&H\n \n \n Group\n \n \n Like-for-like sales\n \n \n (25.8)%\n \n \n 12.9%\n \n \n (8.2)%\n \n \n (22.8)%\n \n \n (19.3)%\n \n \n Net new space and acquisitions\n \n \n (0.7)%\n \n \n 23.6%\n \n \n (0.8)%\n \n \n (11.1)%\n \n \n (1.5)%\n \n \n Trading days\n \n \n 0.6%\n \n \n 0.6%\n \n \n 0.5%\n \n \n 0.6%\n \n \n 0.6%\n \n \n Total sales growth\n \n \n (25.9)%\n \n \n 37.1%\n \n \n (8.5)%\n \n \n (33.3)%\n \n \n (20.2)%\n \n \n\n\n Q2 2020\n \n \n Merchanting\n \n \n Toolstation\n \n \n Retail\n \n \n P&H\n \n \n Group\n \n \n Like-for-like sales\n \n \n (42.8)%\n \n \n 16.5%\n \n \n (19.8)%\n \n \n (48.4)%\n \n \n (34.8)%\n \n \n Net new space and acquisitions\n \n \n (0.5)%\n \n \n 26.0%\n \n \n (0.5)%\n \n \n (8.4)%\n \n \n (0.9)%\n \n \n Trading days\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n Total sales growth\n \n \n (43.3)%\n \n \n 42.5%\n \n \n (20.3)%\n \n \n (56.8)%\n \n \n (35.7)%\n \n \n\n\n \n \n \n...