"The referendum decision in the UK to leave the European Union has created uncertainty about the near term outlook and prospects for the economy and this is likely to weigh on demand in the new housing and RMI markets over the remainder of the year. Selco is a proven resilient model and continues to be the focus for development capital in the UK. Growth in the Irish and the Netherlands merchanting markets is expected to continue broadly in line with recent trends. The Group’s financial strength and geographic diversity leave it well positioned to take advantage of any opportunities that may emerge across the markets in which it operates." – Gavin Slark (12 July 2016).