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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Travis Perkins    TPK   GB0007739609

TRAVIS PERKINS

(TPK)
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Real-time Estimate Quote. Real-time Estimate CHI-X - 10/26 12:30:00 pm
1187.5 GBX   -4.23%
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Travis Perkins : Britain's Travis Perkins adjusted operating profit slumps on virus hit

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09/08/2020 | 04:09am EDT
Grafitti is seen on a sign attached to a window of a branch of Travis Perkins that was closed down in London

Profits at Travis Perkins, Britain's largest distributor of building materials, sank 81% in the first half of the year as coronovirus-driven halts in construction work slashed its sales by a fifth, the company said on Tuesday.

Many UK construction sites were shut between late March and early May and the resulting dip in sales, allied to fears of an extended recession, had already led the owner of Wickes and Toolstation to cut around 2,500 jobs and start consultations on closing 165 outlets.

Shares of the company fell 4.5% to 1,170 pence by 0705 GMT.

Travis Perkins said on Tuesday its ongoing restructuring programme would deliver cost savings of 120 million pounds ($157.67 million) on an annualised basis.

The group, which has more than 2,000 branches, stores and sites around the UK, said adjusted operating profit fell to 42 million pounds in the first half ended June 30 from 220 million pounds last year.

First-half revenue dropped 20% to 2,781 million pounds, with a 19% fall on a like-for-like basis.

The company also said the demerger of its home improvement unit Wickes was paused until markets become more stable and predictable.

(Reporting by Samantha Machado in Bengaluru; Editing by Patrick Graham and Devika Syamnath)


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Financials
Sales 2020 5 991 M 7 799 M 7 799 M
Net income 2020 8,25 M 10,7 M 10,7 M
Net Debt 2020 1 452 M 1 891 M 1 891 M
P/E ratio 2020 -4 407x
Yield 2020 0,42%
Capitalization 2 957 M 3 849 M 3 849 M
EV / Sales 2020 0,74x
EV / Sales 2021 0,67x
Nbr of Employees 26 465
Free-Float 93,6%
Chart TRAVIS PERKINS
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Technical analysis trends TRAVIS PERKINS
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 1 310,58 GBX
Last Close Price 1 190,00 GBX
Spread / Highest target 28,2%
Spread / Average Target 10,1%
Spread / Lowest Target -16,0%
EPS Revisions
Managers
NameTitle
Nicholas John Roberts Chief Executive Officer & Director
Stuart John Chambers Non-Executive Chairman
Frank Mark Elkins Chief Operating Officer
Alan Richard Williams Chief Financial Officer & Director
Patrick Knight Chief Information Officer
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