UK DIY News
Another Strong Year For Toolstation
Travis Perkins PLC has reported on trading for the 2021/2022 financial year, advising of a year of significant strategic and operational progress building a strong platform for future growth.
Learn more about the Group's performance here.
Toolstation has reported sales growth of 20.2%, with a 12.3% rise in like-for-like sales over the reporting period.
Toolstation
Toolstation Highlights
- UK revenues up 19% vs PY and 54% ahead of 2019
- UK operating margin progressed to 6.3%, in line with management expectations UK sales mix normalised during H2 after big uptick in DIY volumes during pandemic.
- Regular customers** +22% growth in H2 (** Customers spending over £1,000 during 2021)
- Recent UK branches maturing more quickly
- Toolstation Europe revenue up 35% to £92m with Netherlands expected to reach break even point by end 2023
Accelerated investment in Belgium and France to capitalise on market opportunity
Learn more about the Group's performance in the full results presentation.
Source : Travis Perkins PLC
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