Grafton Group Four Months Like-for-like Group Revenue Up 5.5%

Grafton Group plc (GFTU.L), a distributor of building materials to trade customers, reported that 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 9.3 per cent to 2.5 billion pounds and by 8.9 per cent in constant currency. Like-for-like Group revenue increased by 4.4 per cent.

Gavin Slark, Chief Executive Officer of Grafton Group said, “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.”

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