Grafton builds solid foundation in early 2019

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Grafton builds solid foundation in early 2019
Master Investor Magazine

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FTSE-250 construction supplies firm Grafton Group (LON:GFTU) has announced a 6.1% improvement in total revenues for the four months ended 30th April, with good growth across regions and divisions. Irish and dutch operations were particularly strong, along with the retailing arm of the business.

CEO Gavin Slark said: “The Group had a positive start to the year and we should continue to benefit from the momentum in our Irish and Dutch businesses. Underlying demand in the UK RMI market remains relatively subdued and we continue to focus on realising the benefits from the investments we have made in recent years into our higher margin Selco and Leyland SDM businesses“.

The price of shares in Grafton Group rose by 3.28% to 898.50p (as of 14:40 BST).

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