Source - DGAP Regulatory

Travis Perkins (TPK)
Travis Perkins plc Investor Update - Toolstation UK : A platform for growth and profitability

28-Sep-2023 / 07:00 GMT/BST


28 September 2023

 

Travis Perkins plc - Investor Update

 

Toolstation UK : A platform for growth and profitability

 

Today, the Travis Perkins plc management team is hosting an investor update focused on Toolstation UK. There will be no new disclosures on current trading conditions.

 

The event will set out the pathway for the Toolstation UK business to deliver £1bn of revenue at a high single digit operating margin by 2027 and cover the following topics:

 

  • The evolution of the business and learnings from recent years
  • Demonstrating the Group’s confidence in the underlying economic model and the platform for profitable growth in the future
  • Showcasing the new capabilities being established at the new distribution centre in Pineham, Northamptonshire
  • Enabling a greater understanding of the business and its integral role in the Travis Perkins Group

 

Nick Roberts, Chief Executive Officer, commented;

 

“Toolstation provides a market leading customer proposition synonymous with convenience, breadth of range and value leadership, underpinned by a fully integrated digital model. As an integral part of the Group, the business provides a highly complementary offer for UK tradespeople with an excellent opportunity to continue to grow share in a large and fragmented market.

 

The Group’s significant investment in Toolstation’s network, workforce and infrastructure over recent years has delivered a platform of scale and underpins our confidence in the next phase of the business’ journey as we focus on driving growth and profitability. Today, we look forward to providing greater insight into the business and demonstrating how these investments and its differentiated proposition will create value.”

 

The presentation and a full transcript will be available on the Travis Perkins Investor Relations website following the event.

 

Enquiries:

 

Travis Perkins    FGS Global

Matt Worster     Faeth Birch / Jenny Davey / James Gray
+44 (0) 7990 088548                                           
+44 (0) 207 251 3801
matt.worster@travisperkins.co.uk
                      TravisPerkins@fgsglobal.com                           



Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


ISIN: GB00BK9RKT01
Category Code: UPD
TIDM: TPK
LEI Code: 2138001I27OUBAF22K83
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.: 274382
EQS News ID: 1736165

 
End of Announcement EQS News Service

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