Wickes reports strong Q4 results as demerger from Travis Perkins parent continues
29 January 2020Wickes delivered like for like Q4 sales growth of 4.5% driven by continued strong performance across both core and do-it-for-me (DIFM) segments. For the full year, like-for-like sales growth was 8.7% and total sales grew by 7.7%.
Travis Perkins Group announced last July that it intended to demerge the Wickes business in order to allow the management teams to focus on their respective brands and to better allocate and quantify resources and investment.
“I am delighted to report a strong sales performance for Wickes in Q4 and for the full year, setting us up well for the intended demerger from Travis Perkins, which remains on track for Q2 2020.” Said David Wood, Wickes CEO
“We are looking forward to our future as a standalone business, building towards our vision of a Wickes project in every home, allowing us to create long-term value for all our stakeholders.
“We have great confidence in our strategy, which is centred around our strong brand, a distinctive and hard to replicate customer proposition, a uniquely balanced business and a low cost and efficient operating model.”
