Grafton Group PLC

GFTU

Equity

ISIN IE00B00MZ448 / Valor 1880230

LSE London Stock Exchange, SETS (2025-03-14)

GBP 8.66+2.51%

Grafton Group PLC
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About company

Grafton Group PLC is a leading distributor of building materials with operations in the UK, Ireland, the Netherlands, and Finland. In addition to distributing building materials, the company is also the largest DIY, Home, and Garden retailer in Ireland, operating 35 stores nationwide and an online platform under the Woodie’s brand. With a strong presence in multiple markets, Grafton Group PLC serves a wide range of customers in the construction and home improvement sectors.

Summarized from source with an LLMView SourceSector: Industrials

Revenue Decline

Grafton Group PLC reported a revenue of £1.82 billion for the period from 1 January 2024 to 20 October 2024, marking a 3.7% decrease from the previous year. The decline was 2.3% in constant currency, influenced by a weaker euro affecting the reported results compared to the same period last year.

Operating Profit Outlook

The Group anticipates that the full-year adjusted operating profit will be broadly in line with market expectations. Analysts' forecasts for 2024 suggest an operating profit of approximately £170.4 million, with a range between £165.0 million and £174.0 million.

Regional Performance

Grafton Group PLC experienced varied performance across regions. Ireland showed positive growth, while the UK and Finland faced challenges with weak demand and little seasonal improvement. The Netherlands saw a slight improvement in revenue decline compared to the first half of the year.

Acquisition of Salvador Escoda

On 30 October 2024, Grafton Group PLC completed the acquisition of Salvador Escoda, S.A. in Spain for a maximum consideration of €132.0 million. This acquisition aligns with Grafton's strategy to expand into new markets with strong growth potential, particularly in the HVAC sector.

Share Buyback Program

Grafton Group PLC launched its fifth share buyback program on 29 August 2024, aiming to repurchase ordinary shares worth up to £30 million. By 25 October 2024, the Group had completed £15.35 million of the buyback program.

Summarized from source with an LLMView Source

Key figures

-11.2%1Y

-13.7%3Y

26.0%5Y

Performance

23.9%1Y

28.7%3Y

38.2%5Y

Volatility