Travis Perkins plc has reported a 22% sales rise for the first four months of 2003, compared with the same period last year.
Chairman Tim Stevenson, said: “We are pleased with this strong start to 2003. Our mix of business benefited from the spell of generally fine weather which also contributed to above average levels of trading over the Easter period.”
Like-for-like sales were up 4.5%, while 19 further branches were added or contracted since the end of last year.
Mr Stevenson said the building materials market remains sensitive to interest rates and the global economy. However, the company’s full-year benefits of its aggressive acquisition programme are expected to provide a major part of its earnings growth this year.
