Grafton Group plc. (GFTU.L), on Friday reported higher revenue for the first four months of 2026, as acquisitions in Spain and Ireland helped offset flat like-for-like sales and weaker trading in Great Britain.
Further, the company maintained its adjusted operating profit guidance of 190 million pounds to 200 million pounds.
The European construction products distributor said group revenue rose 3.2 percent to 830.1 million pounds, or 1.0 percent in constant currency, helped by the May 2025 purchase of HSS Hire Ireland and one month of trading from Cygnum.
Average daily like-for-like revenue was flat year-on-year.
Regional performance was mixed. like-for-like sales grew 5.0 percent in Iberia, 1.8 percent in the Island of Ireland and 1.6 percent in Northern Europe, which was fully offset by a 5.0 percent decline in Great Britain.
The Group cited geopolitical uncertainty and exceptionally wet weather in Ireland and the UK as headwinds.
On the LSE, shares of Grafton were losing 2.50 percent, changing hands at 811.50 pence.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.