Download full report with analyst certification and important disclosures
Sep 29 2023, 07:20 IST/BST
A Toolstation UK-themed investor day was timely as the business is pivotal to the medium-term growth aspirations of Travis Perkins. Achieving its 2027 target for Toolstation would effectively add in the region of one-third to the group's likely trading profits (excluding property) for this year. This will not be easy, especially as it requires a near-quadrupling of Toolstation UK's current operating profit. However, the intent is clear and the pathway outlined to achieving this ambition looks credible.