"The Group finished the year on a more positive note and saw the benefit during 2016 of its exposure to multiple markets. We had an active year on the development front with the opening of seven new Selco branches, the completion of two bolt-on acquisitions in the UK and we agreed to acquire Gunters en Meuser in the Netherlands. A strong balance sheet and excellent cash generation from operations support these developments and our ongoing strategic initiatives." – Gavin Slark (13 January 2017)

2016 Half Year Results

Grafton Group plc announced its 2016 Half Year Results, on Wednesday, 31 August 2016, at 07:00 (BST).

The following information was released on the day.

 £m(1) H1 2016 H1 2015 Change
Revenue 1,228  1,084 +13%
Operating profit before property profit 64.8 55.1 +18%
Operating profit 68.4 61.2 +12%
Profit before tax 65.0 57.9 +12%
Earnings per share – basic 22.3p 20.2p  +10%
Statutory results    
Operating profit 66.1 61.2 +8%
Profit before tax 62.8 57.9 +8%
Earnings per share – basic 21.5p 20.2p    +6%
Dividend 4.75p 4.50p +6%
Net debt 95.7 51.1 +£44.6m
Return on capital employed3 12.1% 12.2%  (10bps)

(1) As amounts are reflected in £’m some non-material rounding differences may arise
(2) The term “adjusted” means before intangible asset amortisation on acquisitions and restructuring costs
(3) Additional information in relation to these Alternative Performance Measures (APMs) is set out on pages 31 to 36 of the 2016 Half Year Results Announcement