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15 April 2021 Travis Perkins plc - Q1 2021 trading update Encouraging start to the year ; Wickes demerger on track for completion on 28th April Highlights Positive start to 2021 driven by strong RMI demand with Group ( excluding Wickes ) like - for - like sales growth of 17.4 % and 11.8 % on a 2 year like - for - like basis Good like - for - like growth in Merchanting and P & H , up 15.5 % and 11.4 % respectively , underpinned by sales retention from the 2020 restructuring programme Continued acceleration of Toolstation growth with like - for - like sales up 42.0 % Ongoing strong performance in Wickes with like - for - like sales up 19.7 % . Excellent growth in Core of 38.5 % partially offset by DIFM , down ( 25.0 ) % on a like - for - like basis due to showroom closures Wickes demerger due to complete with trading in Wickes shares commencing on 28th April . Travis Perkins share consolidation to be effective following market close on 28th April , trading in new Travis Perkins hares commencing on 29th April Nick Roberts , Chief Executive , commented : " The Group has enjoyed an encouraging start to the year with robust like - for - like sales growth across our businesses , underpinned by strong demand in the RMI market . The Merchanting business has maintained the momentum seen in the second half of last year while Toolstation continues to outperform , driven by its convenient and trade focused proposition . I am also pleased to report that the Wickes demerger process remains on schedule to be completed at the end of April , leaving the business a simplified and trade focused group . We are encouraged by the robustness of the RMI market and the continued recovery in our other key end markets . However , at this early stage in the year , our expectations remain unchanged as we continue to make progress on the delivery of our longer - term strategic plans . " Q1 2021 sales growth Like - for - like sales growth Net space change Business disposals Trading days Total sales growth Two - year like - for - like * Excludes Toolstation Europe Merchanting 15.5 % ( 8.4 ) % ( 1.4 ) % 5.7 % 6.3 % Toolstation 42.0 % 8.9 % ( 1.1 ) % 49.8 % 66.8 % * Plumbing & Heating 11.4 % ( 5.0 ) % ( 8.4 ) % ( 1.4 ) % ( 3.4 ) % 9.1 % Group ( excluding Wickes ) 17.4 % ( 6.2 ) % ( 3.0 ) % ( 1.4 ) % 6.8 % 11.8 %