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Grafton Group PLC (GFTU_u.L)

GFTU_u.L on London Stock Exchange

765.00GBp
14 Nov 2018
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Latest Key Developments (Source: Significant Developments)

Grafton H1 revenue up 9 pct with growth in all segments
Wednesday, 22 Aug 2018 02:00am EDT 

Aug 22 (Reuters) - Grafton Group PLC ::GRAFTON GROUP - REVENUE FOR SIX MONTHS TO JUNE 30 UP 9 PERCENT TO 1.45 BILLION POUNDS.GRAFTON GROUP - ADJUSTED OPERATING PROFIT BEFORE PROPERTY PROFIT UP 14 PERCENT TO 88.0 MILLION POUNDS.GRAFTON GROUP - OPERATING MARGIN FOR SIX MONTHS TO JUNE 30 INCREASED BY 50 BASIS POINTS TO 6.4 PERCENT.GRAFTON GROUP - RETURN ON CAPITAL EMPLOYED INCREASED BY 80 BASIS POINTS TO 14.0 PERCENT.GRAFTON GROUP - CASH FLOW FROM OPERATIONS FOR SIX MONTHS TO JUNE 30 109.7 MILLION POUNDS.GRAFTON GROUP - DIVIDEND INCREASED BY 14.3 PERCENT TO 6 PENCE STERLING FROM 5.25 PENCE.GRAFTON GROUP - OVERALL CONDITIONS IN THE UK TO REMAIN RELATIVELY FLAT FOR REMAINDER OF YEAR.GRAFTON GROUP - COMPETITIVE PRESSURE ON PRICING IN UK CONTINUING.GRAFTON GROUP - H1 OUTCOME LEAVES GROUP WELL PLACED TO MEET FULL YEAR EXPECTATIONS.  Full Article

INTERVIEW-Grafton has balance sheet strength for more deals-CEO
Thursday, 1 Mar 2018 03:10am EST 

March 1 (Reuters) - Grafton Group Plc ::GRAFTON CEO SAYS BALANCE SHEET STRENGTH GIVES OPTION OF ORGANIC GROWTH OR ACQUISITIONS, NOT HAMSTRUNG BY GEOGRAPHIC BOUNDRIES.GRAFTON CEO SAYS LOOKING FOR GOOD QUALITY, HIGHER MARGIN BUSINESSES, NOT INTERESTED IN A TURNAROUND.GRAFTON CEO SAYS WORKING HARD WITH PROCUREMENT TEAMS AND PRICING TEAMS IN UK TO MOVE INPUT COSTS THROUGH.GRAFTON CEO SAYS IRISH GROWTH WILL MODERATE AFTER FOUR YEARS OF DOUBLE DIGIT LIKE-FOR-LIKE GROWTH.  Full Article

Grafton Group ‍Acquired Entire Issued Share Capital Of LSDM Limited
Monday, 19 Feb 2018 02:00am EST 

Feb 19 (Reuters) - Grafton Group Plc ::‍ACQUIRED ENTIRE ISSUED SHARE CAPITAL OF LSDM LIMITED.‍TOTAL CONSIDERATION PAYABLE BY GROUP IS £82.4 MILLION ON A DEBT-FREE, CASH-FREE BASIS​.‍ACQUISITION WILL BE FUNDED FROM GROUP'S CASH AND DEBT FACILITIES​.  Full Article

Grafton Group ‍2017 group revenue rose by 8.8 pct to 2.7 bln pounds
Thursday, 11 Jan 2018 02:00am EST 

Jan 11 (Reuters) - Grafton Group Plc ::‍2017 GROUP REVENUE INCREASED BY 8.8 PER CENT TO £2.7 BILLION​.2017 GROWTH IN CONSTANT CURRENCY WAS 6.8 PERCENT AND AVERAGE DAILY LIKE-FOR-LIKE REVENUE INCREASED BY 5.7 PERCENT​.  Full Article

Grafton says ‍group revenue for ten months to Oct 31 was 2.30 bln pounds​
Thursday, 9 Nov 2017 02:00am EST 

Nov 9 (Reuters) - GRAFTON GROUP PLC ::‍GROUP REVENUE FOR TEN MONTHS TO OCT 31 WAS £2.30 BILLION, UP 9.1 PERCENT ON REVENUE OF £2.11 BILLION IN CORRESPONDING PERIOD IN 2016​.  Full Article

Grafton Group H1 adjusted operating profit up 19 pct
Thursday, 31 Aug 2017 02:06am EDT 

Aug 31 (Reuters) - Grafton Group Plc :Grafton Group - H1 adjusted operating profit before property profit up 19 percent to 77 million pounds.Grafton Group - net debt declined to 80.2 million pounds from 95.7 million eur year ago, strong cash generation.Grafton Group - 11 percent increase in dividend to 5.25 pence sterling in line with progressive dividend policy.Grafton Group - UK merchanting business increased profit and performed well through the half year.Grafton - recent softer trends in UK likely to be sustained in 2017, opening of branches reflects medium term confidence.Grafton Group - average daily like-for-like revenue growth from 1 July to 27 Aug 6.5 percent.Grafton Group - encouraging outcome leaves us well placed to deliver our full year expectations.  Full Article

Grafton sees uncertainty in UK to 2019 but fundamentals remaining
Thursday, 31 Aug 2017 02:00am EDT 

Aug 31 (Reuters) - Grafton Group Plc :Grafton Group CEO says sees uncertainty in UK remaining until 2019 but fundamentals of repair, maintanace market remain.  Full Article

Grafton Group says H1 trading better than anticipated
Tuesday, 11 Jul 2017 02:04am EDT 

July 11 (Reuters) - Grafton Group Plc :Group revenue increased by 9.0 percent to £1.34 billion in H1 (up 6.2 per cent in constant currency; up 5.7 percent like-for-like).Says group performed "strongly in the half year with the benefit of broadly positive market segment conditions and good strategic positioning in key markets".CEO says "pleased with the Group's first half trading performance which was better than we anticipated and provides a good platform for the full year.".CEO says 'whilst we remain optimistic on medium term outlook for UK, we are cautious about shorter term impact of current uncertainty and pressure on real incomes'.merchanting business in Ireland 'outperformed a recovering market'.Netherlands merchanting business performed strongly against the backdrop of good growth in the Dutch economy.  Full Article

Grafton says more cautious about prospects for UK
Tuesday, 9 May 2017 02:00am EDT 

May 9 (Reuters) - Grafton Group Plc ::Trading update.Issues trading update for period 1 january 2017 to 30 april 2017.Group had a good start to year with a continuation of favourable trading conditions experienced in final quarter of 2016.Group revenue increased by 7.7 per cent to £851 million (four months to 30 april 2016: £790 million).In view of recent economic and political developments, we are more cautious about prospects for uk.However we have a good portfolio of businesses with strong market positions and we look to future with confidence..  Full Article

INTERVIEW-Grafton sees minimal Brexit hit on "sustainable" Irish market
Tuesday, 7 Mar 2017 02:56am EST 

Grafton Group Plc : Recovery in Ireland very well set, can't see Brexit having significant impact on Irish construction . Seeing gradual, sustainable recovery in Irish housing market, needs several years to reach 30k annual builds . Has made some changes in Belgian business, can be sustainably profitable in medium term . Sees opportunities for consolidation, acquisition and greenfield openings in the Netherlands . More acquisition activity in Dutch market very likely in short term, other geographies in medium term Further company coverage: [GFTU_u.L] (Reporting By Padraic Halpin) ((Padraic.Halpin@thomsonreuters.com;)).  Full Article