Travis Perkins has said it made a positive start to its new financial year with total sales in the three months to 31 March rising by 13.6%.
Sales in its merchanting segment grew by 17.9% with all businesses performing in line with expectations.
Meanwhile, Toolstation total sales were down 6% as expected in the period, with like-for-like sales down 11.9%. Travis Perkins said the declines were a reflection of tough prior year comparator and the return of Toolstation’s customer mix back to its core trade base.
The company said management’s expectations for the full year remain unchanged.
