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Operating profit plunges by 99% at Travis Perkins
The Herald
|April 02, 2025
TRAVIS Perkins has reported a staggering 99 per cent drop in operating profit in 2024.
The FTSE 250 building group's operating profit plummeted to £2 million, down from £161m in 2023, following a 4.7 per cent decline in revenue.
The company's shares dropped by 10.4% in early trading yesterday morning. These figures include £139m in asset impairments.
The disappointing results were attributed to "lower trading volumes and price deflation," despite the company's "significantly improved cost discipline."
Diese Geschichte stammt aus der April 02, 2025-Ausgabe von The Herald.
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