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Prices & Quotes - UK Markets - Grafton Group Ut (GFTU)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 880.00p
Change Today:
15.50p
Market Cap:
2,100.00m
Sector:
Support Services

Grafton revenue hit by Covid but June 'more resilient' than expected

By Michele Maatouk

Date: Thursday 09 Jul 2020

LONDON (ShareCast) - (Sharecast News) - Building materials distributor Grafton Group posted a decline in revenue on Thursday due to the impact of the coronavirus but said trading in June was more resilient than expected.
In the six months to 30 June, revenues fell to 19.4% to 1.06bn.

However, trading in June improved and was better than expected, with group revenue in continuing operations up 11.4% compared to the same month last year at 247.8m. The company, which owns Woodies and Chadwicks, did warn though that this could be the result of pent-up demand.

Grafton said strong demand in June in its businesses in Ireland and Netherlands and in Selco in the UK was partly offset by a slower pace of recovery in the traditional distribution and manufacturing businesses in the UK.

"While we were encouraged by the improved performance in June, trading during the month is likely to have been influenced by pent-up demand as Covid-19 restrictions were lifted and we remain cautious about revenue trends in the second half of the year," it said.

Grafton said financial guidance for the year to the end of December 2020 will remain suspended "given the continuing uncertainty" in its principal markets.

Chief executive officer Gavin Slark said: "While we face many challenges in the months ahead, we are encouraged by the froup's trading and financial performance in the month of June which represented an important milestone on the road to recovery.

"Grafton is in a strong financial position and our resilient portfolio of market leading businesses is emerging stronger from this crisis and remains well positioned for future growth."

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

GFTU Market Data

Currency UK Pounds
Price 880.00p
Change Today 15.50p
52 Week High 990.00p
52 Week Low 371.00p
Volume 852,457
Shares Issued 238.64m
Market Cap 2,100.00m

Performance Indicators

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What The Brokers Say

Strong Buy 9
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 10
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

GFTU Dividends

  Latest Previous
  Interim Final
Ex-Div 26-Sep-19 07-Mar-19
Paid 11-Oct-19 05-Apr-19
Amount 6.50p 12.00p

Trades for 03-Dec-2020

Time Volume / Share Price
17:08 3,122 @ 868.29p
14:41 4,145 @ 867.45p
16:35 119,446 @ 880.00p
16:29 2 @ 880.00p
16:29 2 @ 880.00p

GFTU Key Personnel