13th Nov 2025 12:01
(Alliance News) - Grafton Group PLC on Thursday noted some softening in activity levels from earlier in the year but said it was on track to deliver adjusted operating profit growth in line with an analysts' forecast.
The Dublin-based building materials distributor and do-it-yourself retailer said revenue climbed 12% to GBP2.13 billion in the first ten months of 2025, compared to GBP1.91 billion the same period a year ago.
The company said the average daily like-for-like revenue in the four months to the end of October was 1.6% higher than a year ago but noted some easing in momentum over the last two months, reflecting some softening in activity levels from earlier in the year.
Looking ahead, Grafton said it remained on track to deliver 2025 adjusted operating profit in line with expectations, citing a consensus analysts' forecast of around GBP182.2 million, which would be up 2.6% from GBP177.5 million in 2024.
Chief Executive Officer Eric Born said: "The strength of Grafton's business model is evident in our performance year to date. Overall revenue increased by over 11% supported by continuing growth in building materials distribution in Ireland, Spain and the Netherlands and in retailing and manufacturing, helping to offset market weakness in the UK and Finland. Progress in the period means Grafton remains on track to deliver adjusted operating profit for the full year, in line with expectations.
"Though momentum has slowed somewhat in the period, the outlook for Grafton remains positive, supported by structural tailwinds, strong market positions in all geographies, significant recovery potential in the UK and Finland, a robust balance sheet and encouraging acquisitions pipeline."
Grafton shares fell 3.9% to 915.20 pence each on Thursday around midday in London.
By Tom Budszus, Alliance News slot editor
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