Grafton Group Ut (CDI) (GFTU)

Sector:

Support

Index:

FTSE 250

1,339.00p
   
  • Change Today:
      13.00p
  • 52 Week High: 1,412.00
  • 52 Week Low: 644.00
  • Currency: UK Pounds
  • Shares Issued: 239.34m
  • Volume: 332,875
  • Market Cap: £3,204.73m
  • RiskGrade: 144

Grafton lifts profit forecasts after strong first half

By Frank Prenesti

Date: Thursday 08 Jul 2021

LONDON (ShareCast) - (Sharecast News) - Building materials distributor Grafton on Thursday lifted annual profit forecasts after a better-than-expected first half drove an increase in revenues.
The company said it expected adjusted operating profit of £240m, close to the current consensus of £243m.

Grafton said trading had been strong in May and June, helping revenue increase 47% to £1.55bn for the six months to June 30 compared to last year when branches, stores and manufacturing plants in the UK and Ireland were closed except for the provision of materials to essential services.

The rise came despite pressure on supply chains during the Covid pandemic caused by increased international demand for building materials, limitations on manufacturing capacity, a shortage of raw materials and the container shipping logistics issues as air traffic came to a virtual standstill.

"These procurement challenges resulted in shortages of core building materials, an extension of delivery lead times, certain products being placed on allocation and a sharp increase in product price inflation across a range of categories in the UK and Ireland," the company said.

Strong revenue growth trends that developed in March and April were sustained in May and June led by Woodie's in Ireland and Selco in the UK, Grafton said.

"The strength of our customer propositions together with good underlying demand in the residential repair, maintenance and improvement and new housing markets contributed to this very encouraging performance," it added.

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

Note 2: RiskGrade figures are provided by RiskMetrics.

 

GFTU Market Data

Currency UK Pounds
Share Price 1,339.00p
Change Today 13.00p
% Change 0.98 %
52 Week High 1,412.00
52 Week Low 644.00
Volume 332,875
Shares Issued 239.34m
Market Cap £3,204.73m
RiskGrade 144

GFTU Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
35.10% above the market average35.10% above the market average35.10% above the market average35.10% above the market average35.10% above the market average
64.00% above the sector average64.00% above the sector average64.00% above the sector average64.00% above the sector average64.00% above the sector average
Price Trend
64.44% above the market average64.44% above the market average64.44% above the market average64.44% above the market average64.44% above the market average
69.64% above the sector average69.64% above the sector average69.64% above the sector average69.64% above the sector average69.64% above the sector average
Income
30.09% below the market average30.09% below the market average30.09% below the market average30.09% below the market average30.09% below the market average
30.3% below the sector average30.3% below the sector average30.3% below the sector average30.3% below the sector average30.3% below the sector average
Growth
77.53% below the market average77.53% below the market average77.53% below the market average77.53% below the market average77.53% below the market average
29.52% below the sector average29.52% below the sector average29.52% below the sector average29.52% below the sector average29.52% below the sector average

What The Brokers Say

Strong Buy 8
Buy 0
Neutral 2
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 02-Sep-21 08-Apr-21
Paid 01-Oct-21 05-May-21
Amount 8.50p 14.50p

Trades for 21-Sep-2021

Time Volume / Share Price
16:39 1,314 @ 1,339.00p
16:36 214 @ 1,339.00p
16:35 217 @ 1,339.00p
16:35 117,273 @ 1,339.00p
16:29 975 @ 1,337.00p

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