Welcome to Travis Perkins' annual report & financial statement for 2003

Turnover up 18.4%

Profit before taxation up 18.2%

Basic earnings per share up 17.8%

Adjusted earnings per share up 20.1%

Dividend per ordinary share up 25.1%

"We are delighted with the 2003 results which were achieved on the back of excellent acquisition and organic growth. We have made a positive start to 2004 and given reasonable market conditions are well placed to make further progress in the current year."

"We see significant additional scope for profitable growth through the acquisition of regional groups, independent merchants, the further expansion of brownfield site developments and the greater efficiencies generated by our ongoing improvement programmes. We made good progress again during 2003 and remain confident that our proven strategy will provide further growth in the future."