Davy Research

Grafton Group (GRF_u.L, GFTU LN)

  • 1925.7
  • 237.7
  • 91.5

Company Profile

Grafton is a leading building materials group with operations in the UK, Ireland, the Netherlands and Belgium. Its principal activities are builders' and plumbers' merchanting and DIY retailing. It also has a small manufacturing business across the UK and Ireland. Grafton enjoys strong national and regional market positions. It is, by some distance, the largest builders merchanting group in Ireland and is also comfortably the market leader in DIY retailing. In the UK, the fast-growing Selco business means the group now comprises the third-largest (Buildbase) and fourth-largest general merchant in the industry. Grafton also has a presence in Belgium and has acquired a position in the Netherlands more recently. Principally via organic investment, Grafton continues to build a differentiated position in the challenging UK distribution market. When considered in combination with the fast recovering Ireland and Netherlands end-markets, we expect Grafton to continue delivering above-average profit growth over the medium term


Major Shareholders%
The Capital Group Companies 11.0
Michael Chadwick 8.2
Investec Asset Management 7.9
Franklin Templeton 6.0
EdgePoint Investment 5.0
  • GRAFTON GROUP

    Closing Price (p): 810.0

  • RATING 15/12/15

  • PREVIOUS RATING 07/09/15

    NEUTRAL

Analyst(S)

COMPANY DATA

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