Grafton ( (GB:GFTU) ) just unveiled an update.
Grafton Group plc announced its final results for the year ended 31 December 2024, reporting an adjusted operating profit of £177.5 million, slightly exceeding analysts’ expectations despite a challenging market environment. The company achieved strong free cash flow and executed a strategic acquisition of Salvador Escoda to bolster its growth in the Iberian market. The integration of this acquisition is progressing well, and Grafton returned £154.1 million to shareholders through share buybacks and dividends. The company maintained a strong balance sheet, enabling further development opportunities, and reported a 2.8% increase in its full-year dividend, reflecting confidence in its financial health and future prospects.
More about Grafton
Grafton Group plc is an international building materials distributor and DIY retailer. The company operates in various geographies, focusing on the distribution of building materials and retailing DIY products. It has a diversified customer base and is actively involved in expanding its market presence, particularly in the Iberian Peninsula.
YTD Price Performance: -14.32%
Average Trading Volume: 283,796
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £1.57B
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