Travis Perkins Sees Downgrades on Tough Market Conditions -- Market Talk

Dow Jones
Aug 05

0749 GMT - Travis Perkins expects profit being broadly in line, but RBC Capital Markets downgrades its adjusted Ebita estimates for the year. The building-materials retailer anticipates a rise in property profits to 8 million pounds, from 3 million pounds, but continues facing a tough market and lower-than-expected margins, RBC's Andrew Brooke and Karl Green say in a note. Adjusted Ebita estimates for 2025 and 2026 are cut by 3.5% and 5% respectively as RBC analysts take a relatively cautious view on trading and the market backdrop. "Despite the tough market, we continue to be positive, believing the market looks to have bottomed and that there is significant self-help potential within the group," the analysts say. Shares are up 2.2% at 547 pence. (anthony.orunagoriainoff@dowjones.com)

 

(END) Dow Jones Newswires

August 05, 2025 03:51 ET (07:51 GMT)

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