UK's largest building supplies firm, Travis Perkins, reported a 33% drop in 1H adjusted operating profit to £75m, with revenues down 4.4% to £2.36bn.
Travis Perkins, UK's largest building supplies firm, reported a 33% drop in first-half adjusted operating profit to £75m, with revenues down 4.4% to £2.36bn. The decline is attributed to falling construction sector activity and commodity price deflation. Travis Perkins has lowered its full-year adjusted operating profit expectations to around £150m from previous estimates of £160-£180m. The company plans to focus on adapting to market conditions and preparing for future demand and housing infrastructure growth in the UK.
August 06, 2024
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