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Operating profit plunges by 99% at Travis Perkins

Nottingham Post

|

April 02, 2025

TRAVIS Perkins, the Nottinghamshire-based firm, has reported a staggering 99 per cent drop in operating profit in 2024.

- MATT KENYON

Operating profit plunges by 99% at Travis Perkins

The FTSE 250 building group's operating profit plummeted to £2m, 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."

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