Like-for-like sales were up 6% for the year to 31 December 2011, despite overall market volumes declining by between 4% and 5%.
Including BSS, group revenues were up 52% to 拢4.78bn.
Adjusted pre-tax profit was up 37% to 拢297m.
The target was to achieve 拢8m synergies from the integration of BSS in 2011. That target was well beaten and 拢20m was achieved - 拢15m from purchasing and 拢5m from overheads.聽 The company is on course to deliver 拢30m in 2012.聽 This is one year earlier than anticipated, and 拢5m more than the original 2013 target.
Chief executive Geoff Cooper said: 鈥�2011 was a good year for Travis Perkins. Despite a depressed construction market, we improved services to customers, gained market share, even before the expansion of our network and exceeded our targets from the integration of BSS, continued to outperform our markets, and won further market share. This meant we achieved a good set of financial results with improvements in all key figures.
"Having built the UK's largest distributor of building materials, we will be focusing on growing returns.聽 With the prospect of the market softening as we go into 2012, the continued improvement in our offer to customers and gains from strategic developments will be the engine of this growth. Our management team has proven itself capable of performing well in tough markets and outgrowing our competitors.聽 We look forward to another year of solid progress."
On 1 January 2012 the group was reorganised into four divisions: general merchanting, specialist merchanting, consumer and plumbing & heating.
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