Business
Travis Perkins plc - full year results for th...
Travis Perkins plc - full year results for th....
About this update from Travis Perkins Plc
[{"type":"text","content":"\n \n \n \n\n\t\n\n\n\n\n\n\n\n\n\n\n\nTravis Perkins (TPK)\n\n\n\n\n\n\nTravis Perkins plc - full year results for the year to 31 December 2024 01-Apr-2025 / 07:00 GMT/BST\n\n\n \n\n1 April 2025\n\n \n\nDissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR)\n\n \n\nTravis Perkins plc, the UK’s largest distributor of building materials, announces its full year results for the year to 31 December 2024\n\n \n\nA challenging trading year\n\nGroup revenue down (4.7)% driven by price deflation, continued decline in market volumes and underperformance in the Merchanting segment\n Significantly improved cost discipline but lower trading volumes and price deflation resulted in full year adjusted operating profit of £152m (2023: £198m)\n Operating profit of £2m (2023: £161m) reflects trading performance and adjusting items of £139m (of which around £20m are cash items) related to impairments in Staircraft and certain Merchanting branches and restructuring actions\nGood progress in Toolstation\n\nToolstation UK adjusted operating profit up 48% driven by robust sales growth, improved gross margins and supply chain and overhead efficiencies\n Toolstation France closed and Toolstation Benelux on accelerated path to profitability\nStrong focus on cash generation and strengthening the balance sheet\n\nNet debt before leases reduced by £123m driven by £64m benefit from improved stock management and disciplined approach to capital expenditure\n £125m raised from investment grade US private placement notes in March 2025\n\n £m (unless otherwise stated)\n \n \n Note\n \n \n 2024\n \n \n 2023 (re-presented²)\n \n \n Change\n \n \n Revenue\n \n \n 6\n \n \n 4,607\n \n \n 4,837\n \n \n (4.7)%\n \n \n Adjusted operating profit excluding property profits¹\n \n \n 7a\n \n \n 141\n \n \n 183\n \n \n (23.0)%\n \n \n Adjusted operating profit¹\n \n \n 7a\n \n \n 152\n \n \n 198\n \n \n (23.2)%\n \n \n Adjusted earnings per share¹\n \n \n 15b\n \n \n 36.6p\n \n \n 54.4p\n \n \n (32.7)%\n \n \n Return on capital employed¹\n \n \n 18\n \n \n 5.4%\n \n \n 6.9%\n \n \n (1.5)ppt\n \n \n Net debt / adjusted EBITDA¹\n \n \n 19\n \n \n 2.5x\n \n \n 2.6x\n \n \n 0.1x\n \n \n Ordinary dividend per share\n \n \n 14\n...