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Grafton ( (GB:GFTU) ) has issued an announcement.
Grafton Group plc announced that it traded in line with expectations for 2024, despite challenging market conditions, particularly in the UK and Finland. The company reported a slight improvement in average daily like-for-like sales growth in the final months of the year, driven by strong performance in Ireland and improved conditions in Finland. Grafton has been focusing on cost discipline amid cost inflation and a muted growth outlook. The integration of the Salvador Escoda platform in Spain is progressing well, enhancing Grafton’s geographic diversification. The Group remains optimistic about medium-term growth prospects, supported by housing shortages across key markets and continues to maintain a strong financial position.
More about Grafton
Grafton Group plc is an international building materials distributor and DIY retailer, operating across various markets. The company’s primary focus is on distributing building materials and providing DIY retail services, with a significant presence in Ireland, the UK, and other European markets.
YTD Price Performance: -12.01%
Average Trading Volume: 340,807
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £1.72B
For an in-depth examination of GFTU stock, go to TipRanks’ Stock Analysis page.
