Price deflation and low demand hit UK’s Travis Perkins’ 2024 financial results

Reduced demand and price deflation has led to national builders merchanting chain Travis Perkins recording one of its poorest set of annual results in many years. Travis Perkins plc reported that 2024 was a “challenging year,” with revenue of £4.607bn (€5.38bn) – down 4.7% year-on-year, due to price deflation, reduced construction sector demand, and increased competitive intensity. The challenging trading conditions were reflected in profitability levels, with Travis Perkins recording a loss after tax of £77m (€90m), a 300% dip from the £38m (€44m) after-tax profit posted a year ago. Operating profit was ...