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Wickes announce healthy profit for first half of 2015

Created: 04/08/2015

DIY retailer Wickes has announced a sizeable growth in operating profit for the first half of the year, news which confirms that both the home improvement and construction markets are enjoying further growth once again.

Handsaw

The consumer arm of Travis Perkins, it’s been confirmed that like-for-like sales during the first six months (1 January – 30 June) rose by six per cent in comparison to last year. Overall, the profit for the period sat at £41m and the revenue rose to £693, with Travis Perkins hailing the 8.6 per cent rise in the latter as a ‘strong outperformance of the market’.

Confidence returning in DIY market

It shows that people are beginning to put more money into the improvement of their homes, fantastic news for those who offer handyman services in South London and other areas in the UK.  

When speaking about the developments, John Carter, Travis Perkins Chief Executive, said: “We continue to anticipate a full-year result in line with expectations and delivering against our targets including low double-digit profit growth and sales outperformance of our markets.”

One of the reasons why Wickes enjoyed such prosperity in the first six months of 2015 is thanks to the upgrading of the click and collect service, one which now accounts for eight per cent of all sales. Mr Carter also added that sound growth in Tile Giant and Toolstation also helped towards the fortunes for the company.

If you are in need of some home improvement work of your own but lack the skills and know-how to do it yourself, why not call on the services of Handywork Solutions for that professional result you’ve been looking for? As well as offering plumbing, carpentry and electrical services in Bromley and other London boroughs, their team of experts are also able to provide all manner of jobs around the home.



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