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Ferguson Q3 Trading Profit Rises - Quick Facts

Ferguson plc (FERG.L) said the Group has continued to grow in its third quarter with revenue up 6.2% from prior year. Ferguson expects to generate ongoing Group trading profit in the year ended 31 July 2019 in line with current analysts' consensus forecasts. The Group also proposed to buy back $500 million of its shares over the next 12 months.

For the 3 months ended 30 April 2019, trading profit was $359 million, compared to $351 million, last year. For the third-quarter, revenue was $5.27 billion, 6.2% ahead of last year and 2.7% ahead on an organic basis.

John Martin, Group Chief Executive, stated: "Cash generation continued to be excellent and our balance sheet remains strong. We will continue to invest organically in our businesses supplemented by bolt-on acquisitions in our core operations."

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