Full Year 2023 Travis Perkins PLC Earnings Call Transcript
Well, good morning to you all, and a warm welcome to our 2023 full year results presentation to everybody in the room and on the web. Before I start, may I introduce to you our new CFO, Duncan Cooper, known to many of you from his time at Crest Nicholson, and I'm delighted to have him here with me today.
So turning to today's presentation, in 2023, our team has demonstrated huge commitments to retaining our market leadership with a relentless customer focus and commitment to service excellence. But it was a challenging year in weak market conditions, and we drove actions to really support profit recovery and cash generation.
To be clear, the Group's performance in 2023 was disappointing. The continued macroeconomic uncertainty, weak market conditions clearly impacted our trading performance during the year with volume weakness across new housebuilding as well as domestic RMI, and very challenging deflationary dynamics on commodity products.
Looking back at 2023, we saw overall revenue down 2.7% with a progressive downturn in new house
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