Travis Perkins upgrades profit forecast after strong Q3

X The Business Desk

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Travis Perkins, the Northampton builders merchant says that its positive trading momentum has continued, with sales figures in its third quarter 13.1% up on last year.

The firm also said this morning (October 28) that it expects its full year profits to be ahead of market expectations and will be at least £340m.

Travis Perkins’ merchanting business performed particularly strongly, with sales up by over 15% on last year.

Nick Roberts, chief executive, said: “The group has delivered a strong performance in the third quarter and is navigating well-documented supply chain and cost inflation challenges very capably. End market demand remains robust and we are confident that we are in a strong position to deliver future growth.

“As outlined at our investor update in September, the focus of the group is to enhance our market leading propositions to win share and to provide new value added services to our customers as the construction process evolves to improve quality, drive efficiency and reduce carbon and waste.”