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Selco openings help Grafton Group to half-year LFL growth

Selco checkout and service desk 725 x 500

Grafton Group plc, the international builders merchanting and DIY Group, issues this trading update for the period from 1 January 2018 to 30 June 2018.

Interim Results for the Half Year to 30 June 2018 are due to be released on 22 August 2018.

Group Revenue

Group revenue increased by 8.6 per cent to £1.45 billion (Six months to 30 June 2017: £1.33 billion) and by 7.9 per cent in constant currency.

Like-for-like Group revenue increased by 3.8 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

 

Four Months to 30 April 2018  

Two Months to 30 Jun

2018

Six Months

to 30 June 2018

Six Months

to 30 June 2018

Six Months

to 30 June 2018

Merchanting

 

 

 

 

 

      - UK

(0.3%)

5.8%

1.8%

6.7%

6.7%

     - Ireland

4.6%

9.6%

6.3%

7.6%

10.0%

     - Netherlands

8.0%

7.7%

7.9%

18.8%

21.4%

     - Belgium

(4.8%)

(2.9%)

(3.9%)

(2.9%)

(0.8%)

Retailing

4.7%

25.9%

13.4%

13.4%

15.8%

Manufacturing

15.1%

31.5%

21.0%

21.0%

21.1%

Group

1.3%

8.2%

3.8%

7.9%

8.6%

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

"We were pleased with the Group's performance in the first half though the trading pattern was heavily influenced by the weather.  The very cold conditions experienced in March and April have been followed by a hot and dry May and June which has benefited a number of businesses, particularly Woodie's. 

"In the UK, the Group's growth has been influenced by the Selco store opening programme and the acquisition of Leyland SDM in February, where we are pleased with progress to date.  Our businesses in Ireland and the Netherlands continue to perform well. 

"We enter the second half well placed to deliver our expectations for the financial year."

Source : Grafton Group PLC
www.graftonplc.com 

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11 July 2018

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