8th May 2025 11:02
(Alliance News) - Grafton PLC on Thursday reported increased revenue between January 1 and April 27, in line with expectations.
Shares in the Dublin-based building materials distributor and DIY retailer rose 6.3% to 992.25 pence in London on Thursday morning.
For the period from January 1 to April 27, Grafton's revenue was GBP773.1 million, up 7.8% from GBP717.3 million the previous year.
It said this was driven by the acquisition of Spanish heating, ventilation, air conditioning, water and renewable products distributor Salvador Escoda, which was completed on October 30.
The company said that trading over the last two months was supported by improving trading conditions and favourable weather conditions.
Looking forward, the firm said that it remains on track to meet its full-year expectations. It added that its medium-term fundamentals remain positive, despite the potential impact and economic uncertainties from US tariffs.
Chief Executive Officer Eric Born said: "After a relatively subdued start to the year, and with the more material trading period lying ahead, we were pleased that our performance in the period was in line with our expectations, and we remain on track for the full year.
"We are focused on what we can influence within our businesses rather than being unduly distracted by the uncertainties around us."
By Olivia Mason-Myhill, Alliance News reporter
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