Travis Perkins delays FY results; shares slide again

(Sharecast News) - Travis Perkins said on Friday that its results for the year to the end of December 2024 will be delayed as its auditor has requested additional time to complete standard audit procedures, sending shares in the builders' merchant tumbling for the second time this week. It said the results - which had been due on 18 March - will be announced "at the earliest possible opportunity".

"The board confirms that it expects adjusted operating profit for the year ended 31 December 2024 to be in line with guidance provided at the group's Q3 trading update on 24 October 2024," Travis Perkins said.

At 1338 GMT, the shares were down 10% at 512p.

Shares in the company slumped on Monday after it announced that chief executive Pete Redfern was stepping down with immediate effect due to ill health.