Grafton Group

Good revenue growth in H1 despite slower momentum towards the end of the half

  • Sectors : Builders Merchants
  • Companies : Grafton Group

Ratings and price correct at time of issue.

  • Grafton Group

    Closing Price: 995p

  • RATING 07/10/20

  • PREVIOUS RATING 21/05/20

    NEUTRAL

DAVY VIEW

Grafton has indicated that first-half trading was in line with its expectations. Revenue growth of 10% was boosted by the addition of Salvador Escoda but also included a 2.1% year-on-year increase in underlying sales, albeit there was a slowdown in momentum towards the end of the half. We expect limited change to full year earnings estimates at this juncture ahead of the H1 results announcement on September 4th.

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Jul 10 2025, 08:02 IST/BST

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