Grafton Group

To acquire Dutch business Polvo for €131m

  • Sectors : Builders Merchants
  • Companies : Grafton Group

Ratings and price correct at time of issue.

  • Grafton Group

    Closing Price: 818p

  • RATING 15/12/15

  • PREVIOUS RATING 07/09/15



Grafton has further diversified its regional and product mix with the acquisition of Polvo in the Netherlands. The deal is consistent with management’s aim to improve both the market position and margin profile of the group. Crucially, this is happening without stretching the balance sheet. We estimate that net debt/EBITDA will rise to just 0.3x following the deal. This financial muscle underpins our positive view on the stock.

Download full report with analyst certification and important disclosures

Apr 11 2019, 08:15 IST/BST