Firm also making progress on cost reduction work following 拢49m loss last year
Travis Perkins has reported a like-for-like sales growth of 10.6% in its merchanting arm despite operating in an 鈥渦ncertain market鈥�.
The products firm saw total sales growth of 5.4%, with Toolstation seeing a 19.1% increase in like-for-like sales.
The merchant, which racked up a 拢49m loss from a 拢6.7bn turnover last year, made little reference to margins or profitability in the trading update.
But John Carter, who stands down as chief executive in August, said the group was 鈥渕aking good progress on cost reduction activities鈥�.
And he added: 鈥淭his performance is all the more encouraging given the impact of the ongoing political uncertainty on our end markets.鈥�
Carter will stay at the firm until the end of 2019 to ensure continuity, but from the summer former Atkins president Nick Roberts will be at the helm.
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