The CEO of Northampton-headquartered Travis Perkins says the company has delivered “an outstanding financial performance” for 2021.
According to full year results for the year ended 31 December 2021, revenue hit $4.6bn, up 24% versus 2020 (£3.7bn), and 10.6% ahead of 2019.
The company said this performance “reflects the extensive work undertaken to enhance the customer proposition, through investment in network capacity and technological capability, coupled with the robust recovery in both the RMI and new house building markets.”
Meanwhile the firm noted that actions taken to restructure the business and improve operational effectiveness, coupled with disciplined management of increasing inflation and product availability challenges, enabled the business to deliver an adjusted operating profit of £353m, up from £128m in 2020, and 19% ahead of 2019.
Nick Roberts, Chief Executive Officer, said: “2021 has been a year of significant operational and strategic progress for the Group, completing our portfolio actions and subsequently setting out our ambition to be the leading partner to the construction industry.
“Whilst the rapidly recovering market created challenges around inflation and product availability, we have navigated them well to deliver an outstanding financial performance, enabled once again by the hard work of our fantastic colleagues.
“The Group has built a strong platform for growth and, given robust end market demand and a positive start to the new year, we remain confident of making further progress in 2022.
“We continue to develop new capabilities to complement our market leading positions and we see exciting opportunities in both new and adjacent markets, driven by our desire to be at the forefront of delivering change and decarbonisation within our industry. The long-term fundamentals of our end markets continue to be robust and the Group is well placed to invest in growth opportunities to create value for all of our stakeholders.”
