Grafton Group - decent15 May 2026 10:55
.wealthoracle.co.uk/company-results
Grafton Group, the European multinational distributor of construction-related products, reported resilient trading for the first four months of 2026 supported by its diversified portfolio. Group revenue rose 3.2% to £830.1m (1.0% in constant currency), with average daily like-for-like sales broadly flat — growth of 5.0% in Iberia, 1.8% in the Island of Ireland and 1.6% in Northern Europe was fully offset by a 5.0% decline in Great Britain, where construction markets weakened further on rising cost inflation and weaker consumer confidence linked to the Middle East conflict. Two acquisitions completed in fastest-growing markets: Mercaluz in Spain and Cygnum in Ireland. Full-year adjusted operating profit guidance was nudged up to a range of £190-200m, with the acquisitions offsetting GB weakness. The eighth £25m buyback programme completed on 8 May. Vs consensus: New FY26 adjusted operating profit guidance of £190-200m versus Grafton-compiled consensus of circa £190.8m — guidance brackets consensus with the upper end implying a modest upgrade, driven by Mercaluz and Cygnum offsetting GB softness. Verdict: IN-LINE
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