skip to main content
  • *
  • *
Find Insight DIY on
* * *

UK DIY News

Grafton Group Reports on Q3 Trading

Grafton Group

Grafton Group plc, the international builders merchanting and DIY Group, issued their trading update this morning for the four month period 1st July 2018 to 31st 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.

/live/news/wysiwyg/Grafton Group November 2018.jpg

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.”

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

Analysis & Commentary - Steve Collinge

Another strong trading update from Grafton, with like for like growth in the four-month period to 31st October 2018 at +5.5%, up from +3.8% in the first half. Following the poor weather during Q1, it's no surprise that the UK's merchanting business improved, whilst the business continued to deliver good growth in Ireland, Netherlands and in their manufacturing business.

Source: Insight DIY Team & Grafton Group 

For all the very latest news and intelligence on the UK's largest home improvement and garden retailers, sign up for the Insight DIY weekly newsletter.

13 November 2018

Related News

view more UK DIY News
*

Insight provides a host of information I need on many of our company’s largest customers. I use this information regularly with my team, both at a local level as well as with our other international operations. It’s extremely useful when sharing market intelligence information with our corporate office.

*
Paul Boyce - European CEO, QEP Ltd.
Newsletters

Don't miss out on all the latest, breaking news from the DIY industry