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Highlights Continued progress on strategic agenda across digital enablement , customer fulfilment , process simplification and branch network rationalisation despite the challenges of Covid - 19 ● Toolstation strong outperformance maintained with like - for - like growth of 22.2 % ; branch rollout continues at pace in UK and Europe Robust H2 recovery in Merchanting and P & H driven by RMI demand Wickes taking market share in core DIY with like for like revenue growth of 19.3 % ** ; demerger process recommenced ● Travis Perkins plc Full year results for the twelve months ended 31st December 2020 Resilient trading amidst significant uncertainty ● 1 Strong free cashflow generation ; covenant net debt reduced by £ 304m to £ 40m ; successful refinancing of September 2021 bond £ m ( unless otherwise stated ) Revenue Like - for - like revenue growth¹ Adjusted operating profit¹ Adjusted earnings per share¹ ROCE ¹ Covenant net debt¹ Dividend per share Operating profit Total ( loss ) / profit after tax Basic ( loss ) / earnings per share ( 1 ) Alternative performance measures are used to provide a guide to underlying performance . Details of calculations can be found in the notes listed Note 18 6a 12b 16f 15a 13 FY 2020 6,158 ( 7.1 ) % 227 12a 42.4p 5.5 % 40 0.0p 77 FY 2019 6,956 3.8 % ( 22 ) ( 8.8 ) p 442 Change ( 11.5 ) % 112.7p 10.1 % 344 15.5p 232 123 48.9p ( 10.9 ) ( 48.6 ) % ( 62.4 ) % ( 4.6 ) ppt ( 304 ) Financial headlines Total revenue from continuing businesses returned to growth in H2 at 1.4 % * , demonstrating the resilience of the Group's business models Adjusted operating profit of £ 227m reflecting lower volumes partially offset by actions to reduce operating costs , including both short term controls and acceleration of longer term plans , coupled with appropriate government support in the merchant businesses Delivered £ 120m annualised cost savings with the focus on strengthening the core business by closing smaller , subscale branches and delayering management Net adjusting items of £ 140m , primarily relating to the restructuring programme * Total Group revenue excluding Tile Giant and Primaflow F & P which were disposed during 2020. Toolstation Europe is included as if fully consolidated for both 2019 and 2020 . ** On a calendar year basis . For the 52 weeks to 26th December 2020 Wickes Core like - for - like sales were + 18.8 %