"2016 represented an overall strong financial performance despite challenging trading conditions in the traditional UK merchanting market. These results demonstrate the resilience of the Group’s spread of businesses, with strong market positions and exposure to multiple geographies. While uncertainties remain about the UK economy, the recovery in the Irish and Netherlands markets is forecast to continue. The Group’s very cash generative operations and strong balance sheet leave it well positioned to invest in areas where we see good opportunities for growth." – Gavin Slark (7 March 2017)

2016 Full Year Results

Grafton Group plc announced its 2016 Final Results, on Tuesday, 07 March 2017, at 07:00 (BST).

The following information was released on the day.

  2016
£’m
2015
£’m
% change
Revenue 2,507 2,212 13%
Adjusted**
Operating profit 142.0 127.3 12%
Operating profit before property profit 137.1 120.6 14%

Profit before tax

136.2 119.4 14%
Earnings per share – basic 47.7p 41.2p 16%
Statutory results
Operating profit 120.1 128.2 (6%)
Profit before tax 114.2 120.3 (5%)
Earnings per share – basic 39.6p 41.6p (5%)
Dividend 13.75p 12.50p 10%
Net debt 96.3 113.6 (£17.3m)
EBITA margin before property profit 5.5% 5.5% -
Return on capital employed 12.5% 12.2% 30bps

*Additional information in relation to Alternative Performance Measures (APMs) is set out on pages 31 to 34 of the 2016 Full Year Results Announcement.
**The term “adjusted” means before amortisation of intangible assets arising on acquisitions and exceptional items of £19.7 million in 2016 and non-recurring items in 2015.