"Despite the more uncertain and competitive market conditions in the UK, Grafton continued to make good progress in its key markets enabling the Group to record revenue, profit and earnings per share growth as well as strong cash generation. Both Ireland and the Netherlands continue to show strong growth with ongoing development opportunities. Grafton will continue to invest in areas of its business which combine good long term growth prospects and the opportunity to improve the Group’s operating margin and return on capital employed." – Gavin Slark (31 August 2016).

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