Travis Perkins PLC announce an interim dividend of 12.0p is proposed in respect of the year ending 31 December 2021. It will be paid on 5 November 2021 to shareholders on the register at the close of business on 1 October 2021. The shares will be quoted ex-dividend on 30 September 2021.
Other financial highlights include:
- Robust revenue performance driven by strong operational delivery and broad-based, RMI led recovery. Like for like revenue in continuing businesses grew by 44.1% and was 14.5% ahead of 2019
- Adjusted operating profit of £164m (2020: £17m) up 14% vs 2019 resulting from higher volumes with solid gross margins, improved customer proposition and restructuring benefits
- Strong revenue and operating profit performance in Merchanting following decisive actions to refocus the business; challenging period of inflation and materials shortages being navigated well
- Toolstation market share gains continue; rollout on track in both UK and Europe
- Portfolio actions executed with successful Wickes demerger and Plumbing & Heating business sold to H.I.G. Capital for £325m with completion expected Q3
- Increasing guidance for full year 2021 to at least £310m of adjusted operating profit for the continuing businesses reflecting higher property profits of around £30m
- Continued progress on setting industry leading sustainability targets consistent with the 1.5 degree pathway of the 2016 Paris Agreement
- Investor update to be held on 29 September to update on future plans to deliver long term sustainable value to shareholders
