Business
Travis Perkins rides out supply chain challenges to lift annual profit view
Published by maria gbaf
Posted on October 28, 2021
1 min readLast updated: January 29, 2026
Global Banking & Finance Review®
Company
Published by maria gbaf
Posted on October 28, 2021
1 min readLast updated: January 29, 2026
Travis Perkins raises its profit forecast again, citing strong demand and effective management of supply chain challenges.
(Reuters) -UK building materials supplier Travis Perkins raised its profit forecast on Thursday for the third time in five months on the back of pent-up demand and said it was navigating supply chain and cost inflation challenges “very capably”.
Britain’s construction industry showed signs of a strong recovery during the first half of 2021 before a spike in raw material prices and supply chain disruptions stalled growth in recent months.
The country’s largest seller of building materials said it was navigating the “well-documented supply chain and cost inflation challenges very capably”, adding that end-market demand remained robust.
Travis Perkins, whose merchanting business involves the sale of wood, sand and all types of building materials, said like-for-like revenue growth was 13.1% in the third quarter.
The FTSE mid-cap firm now expects at least 340 million pounds ($467.16 million) in adjusted operating profit for the year ending Dec. 31, 2021, above the company-compiled analysts’ estimate of 316 million pounds.
($1 = 0.7278 pounds)
(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Subhranshu Sahu)
The article discusses Travis Perkins' increased profit forecast amid supply chain challenges.
Travis Perkins reported a 13.1% like-for-like revenue growth in the third quarter.
The industry faces raw material price spikes and supply chain disruptions.
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