April 27, 2018 / 6:15 AM / a year ago

UK's Travis Perkins maintains full-year outlook after solid quarter

LONDON, April 27 (Reuters) - Travis Perkins, Britain’s biggest supplier of building materials, said on Friday its expectations for 2018 were unchanged after reporting a rise in first-quarter sales despite adverse weather in February and March.

The group, which trades from over 20 businesses including Travis Perkins, Wickes, BSS and Toolstation, said its total sales rose 2.4 percent in the first quarter, with sales at outlets open over a year up 3.0 percent.

“Overall expectations for 2018 remain unchanged, with cost actions to drive cost efficiency and mitigate difficult market conditions,” it said. (Reporting by James Davey; editing by Kate Holton)

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