Grafton Group confident for the year as first-half revenue jumps 8.6%

08:43 11/07/2018 - International builders merchanting and DIY Group Grafton said Wednesday, it was 'well placed' to deliver on its expectations for the financial year after first-half revenue rose 8.6% despite the impact of severe weather.

For the six-month period to 30 June 2018, revenue increased by 8.6% to £1.45bn, from £1.33bn the same period a year ago and by 7.9% in constant currency.

Like-for-like group revenue increased by 3.8%.

In the UK, the company delivered 6.7% revenue growth boosted by the Selco store opening programme and the acquisition of Leyland SDM in February.

'We were pleased with the Group's performance in the first half though the trading pattern was heavily influenced by the weather,' said Gavin Slark, Chief Executive Officer of Grafton Group.

'Our businesses in Ireland and the Netherlands continue to perform well. We enter the second half well placed to deliver our expectations for the financial year.'

At 8:43am: (LON:GFTU) Grafton Group PLC share price was +6.5p at 811.5p

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