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Travis Perkins lowers 2024 profit guidance due to 5.7% Q3 revenue decline and 6.8% like-for-like drop.
Travis Perkins, a UK building materials supplier, has revised its 2024 profit guidance following a 5.7% revenue decline in Q3, with like-for-like revenue down 6.8%.
The merchanting division saw an 8.2% drop, largely due to market share losses.
New CEO Pete Redfern is prioritizing cost management, branch performance, and preparing for a potential recovery in the construction market, while Toolstation reported growth amid these challenges.
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Travis Perkins baja la previsión de ganancias para 2024 debido a una disminución de ingresos del 5.7% en el tercer trimestre y una caída del 6.8% en comparación.