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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."
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