Downturn in housing market sees Travis Perkins profit drop

By Daniel Gayne2024-03-05T12:39:00

Revenue also down at building merchant

Pre-tax profit at Travis Perkins was 71.4% lower in 2023 than in the year prior, owing to a downturn in the new build housing and private domestic repair and maintenance markets.

According to the firm’s results for the year to 31 December 2023, pre-tax profit was £70m, a significant drop on the £245m recorded in 2022.

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