Travis Perkins (GB:TPK) has released an update.
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Travis Perkins plc reports a 4.4% decline in revenue to £2,362m and a drop in adjusted operating profit by 33% to £75m in the first half of 2024, amidst challenging market conditions with weak demand and commodity price deflation. Despite the tough environment, the company has made strides in improving business efficiency and cash generation, while positioning itself for recovery with new leadership set to steer future transformation. The interim dividend has been lowered to 5.5 pence per share, reflecting the current financial performance.
For further insights into GB:TPK stock, check out TipRanks’ Stock Analysis page.
