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Grafton Group plc

Grafton Group plc Trading in the UK has been consistent

Grafton Group plc (LON:GFTU), the international builders merchanting and DIY Group, issued this trading update for the period from 1 July 2018 to 31 October 2018.

Group Revenue

Like-for-like Group revenue for the four months ended 31 October increased by 5.5 per cent and total revenue increased over the same period by 10.2 per cent.

Group revenue for the ten months to 31 October increased by 9.3 per cent to £2.5 billion (ten months to 31 October 2017: £2.3 billion) and by 8.9 per cent in constant currency. Like-for-like Group revenue increased by 4.4 per cent.

The table below shows the changes in average daily like-for-like revenue and in total revenue compared to the same periods in 2017.

Segment

Average Daily Like-for-Like Revenue Growth

 in Constant Currency

Total Revenue Growth

Constant

Currency

Sterling

Six Months to 30 June 2018  

Four Months to 31 October

2018

Ten Months

to 31 October 2018

Ten Months

to 31 October 2018

Ten Months

to 31 October 2018

Merchanting

      – UK

1.8%

4.2%

2.7%

8.1%

8.1%

     – Ireland

6.3%

10.0%

7.8%

9.2%

10.2%

     – Netherlands

7.9%

6.7%

7.5%

19.7%

21.0%

     – Belgium

(3.9%)

2.4%

(1.6%)

0.7%

1.7%

Retailing

13.4%

4.6%

9.9%

9.9%

11.0%

Manufacturing

21.0%

18.5%

19.9%

20.5%

20.6%

Group

3.8%

5.5%

4.4%

8.9%

9.3%

 

Gavin Slark, Chief Executive Officer of Grafton Group plc commented today:

“Trading in the UK has been consistent with our expectations at the time of the Interim Results. The Group has benefitted from its exposure to multiple geographic markets and saw its businesses in Ireland and the Netherlands perform well. Following a good first half performance, overall trading in the last four months has underpinned our confidence that we will deliver our expectations for the full year.”

Our next trading update is scheduled to be published on 11 January 2019.