REG-Travis Perkins Travis Perkins plc Investor Update - Toolstation UK : A platform for growth and profitability

Travis PerkinsAnnouncement

28/09/2023 07:00

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   Travis Perkins (TPK)
   Travis Perkins plc Investor Update - Toolstation UK : A platform for
   growth and profitability

   28-Sep-2023 / 07:00 GMT/BST

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                               28 September 2023

                                        

                      Travis Perkins plc - Investor Update

                                        

            Toolstation UK : A platform for growth and profitability

                                        

   Today, the  Travis Perkins  plc  management team  is hosting  an  investor
   update focused on  Toolstation UK.  There will  be no  new disclosures  on
   current trading conditions.

    

   The event will  set out  the pathway for  the Toolstation  UK business  to
   deliver £1bn of revenue  at a high single  digit operating margin by  2027
   and cover the following topics:

    

     • The evolution of the business and learnings from recent years
     • Demonstrating the Group’s confidence in the underlying economic  model
       and the platform for profitable growth in the future
     • Showcasing  the  new  capabilities   being  established  at  the   new
       distribution centre in Pineham, Northamptonshire
     • Enabling a greater understanding of the business and its integral role
       in the Travis Perkins Group

    

   Nick Roberts, Chief Executive Officer, commented;

    

   “Toolstation provides  a market  leading customer  proposition  synonymous
   with convenience, breadth of range and value leadership, underpinned by  a
   fully integrated digital  model. As  an integral  part of  the Group,  the
   business provides a highly complementary offer for UK tradespeople with an
   excellent opportunity to continue to grow share in a large and  fragmented
   market.

    

   The Group’s significant investment in Toolstation’s network, workforce and
   infrastructure over recent  years has  delivered a platform  of scale  and
   underpins our confidence in the next phase of the business’ journey as  we
   focus on  driving growth  and  profitability. Today,  we look  forward  to
   providing greater insight  into the business  and demonstrating how  these
   investments and its differentiated proposition will create value.”

    

   The presentation and  a full transcript  will be available  on the  Travis
   Perkins Investor Relations website following the event.

    

   Enquiries:

    

   Travis Perkins    FGS Global

   Matt Worster     Faeth Birch / Jenny Davey / James Gray
   +44 (0) 7990 088548                                           +44 (0)  207
   251 3801
   matt.worster@travisperkins.co.uk                                          
           TravisPerkins@fgsglobal.com                           

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   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   ISIN:           GB00BK9RKT01
   Category Code:  UPD
   TIDM:           TPK
   LEI Code:       2138001I27OUBAF22K83
   OAM Categories: 3.1. Additional regulated information required to be
                   disclosed under the laws of a Member State
   Sequence No.:   274382
   EQS News ID:    1736165


    
   End of Announcement EQS News Service

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