UK DIY News

Travis Perkins: Group Revenue Down; Solid Q1 For Toolstation

Travis Perkins plc, the UK’s largest distributor of building materials, announces its first quarter trading update for the three months to 31 March 2025

Trading remained challenging in the first quarter with Group revenue down (2.1)% on a like-for-like basis.

In the Merchanting segment revenue was down (3.2)% on a like-for-like basis with pricing having stabilised and volumes declining modestly. Focus remains on enhancing customer service by strengthening branch and sales teams.

Toolstation had a solid first quarter with like-for-like revenue growth of 3.7%. The business continues to make good progress on the delivery of maturity benefits and executing actions to enhance operating margin.

Q1 2025	Merchanting	Toolstation	Group
Price and mix	(0.1)%	1.2%	0.1%
Like-for-like volume	(3.1)%	2.5%	(2.2)%
Like-for-like revenue growth	(3.2%)	3.7%	(2.1)%
Network changes	(0.2)%	0.2%	(0.1)%
Trading days	(0.1)%	(1.1)%	(0.2)%
Total revenue growth	(3.5)%	2.8%	(2.4)%