"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).

2015 Final Results

Grafton Group plc announced its 2015 Final Results, on Tuesday, 08 March 2016, at 07:00 (GMT).

The following information was released on the day.

  2015
£’m
2014
£’m
% change
Revenue 2,212 2,082 +6%
Adjusted*
Operating profit 126.8 110.1 +15%
Operating profit before property profit 120.1 107.9 +11%
Profit before tax 118.9 101.2 +17%
Profit after tax 95.1 80.0 +19%
Adjusted earnings per share – basic 41.0p 34.4p +19%
Statutory
Operating profit 128.2 110.1 +16%
Profit before tax 120.3 101.2 +19%
Profit after tax 96.5 80.0 +21%
Earnings per share – basic 41.6p 34.4p +21%
Dividend 12.50p 10.75p +16%
Net debt 113.6 75.3 +51%
Total equity 989.0 906.3 +9%
Adjusted operating margin 5.7% 5.3% +40 bp
Return on capital employed 12.2% 11.1% +1.1% pts
*Before defined benefit pension scheme past service credit of £2.95 million and an asset impairment charge of £1.52million in the Belgium business.