11th May 2007 07:01
Grafton Group PLC11 May 2007 Grafton Group plc AGM Statement - 11 May 2007 At today's Annual General Meeting in Dublin, the Chairman, Mr. Michael Chadwick,will make the following statement: "Grafton Group plc is pleased to report strong trading for the four months tothe end of April 2007. The UK Merchanting business had a very good start to the year continuing thepositive trend experienced in the second half of last year. Buoyant conditionsin the RMI market were supported by a strong economy and healthy housing market.UK merchanting developments since the start of the year included the completionof three single branch acquisitions and the opening of six new merchantingbranches. Solid sales growth was achieved in the Irish Merchanting business reflectingmoderation in demand in the residential construction market and increasedactivity in the residential RMI market in a very favourable economicenvironment. One new branch was added to the Irish merchanting network. The improving sales trend in the Irish DIY business which emerged in the secondhalf of 2006 gained further momentum against a background of favourable weatherand strong consumer spending. The first four months of 2007 have provided a good start to the year and theGroup is positive about the overall prospects for its business as it moves intothe seasonally stronger trading months ahead." Ends. Friday, 11 May 2007 For further information please contact: Grafton Group plc + 353 1 216 0600 Murray Consultants + 353 1 498 0300 Michael Chadwick, Executive Chairman Joe Murray Colm O Nuallain, Finance Director Citigate Dewe Rogerson + 44 207 282 2945 Ginny Pulbrook This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Grafton Group