Wickes reiterates FY profit expectations as results delayed

Wickes reiterated its full-year profit expectations on Tuesday as it announced a delay to the release of its results.

The company, which was spun off from Travis Perkins last year, said procedures relating to the annual report and accounts were "well advanced", but auditors KPMG have requested more time to complete the audit process.

"The board continues to expect to report adjusted profit before tax of no less than £83m," said Wickes, which now expects to report its preliminary results for the year ended 1 January 2022 on 25 March.