StockMarketWire.com - Grafton Group reported a 6.1% rise in revenue in the first four months of the year, and said it should continue to benefit from the momentum in its Irish and Dutch businesses.



Group revenue for the four months to 30 April increased by 6.1% to £962m and by 6.5% in constant currency, and like-for-like revenue increased by 6.4%. But the sale of two non-core UK merchanting businesses in the second half of 2018 kept a lid on growth.



'The Group benefitted from good revenue growth during the first four months of the year driven by a positive trading performance and more favourable weather compared to the same period last year,' the company said.

'Growth in total revenue was impacted by the disposal of two non-core UK merchanting businesses in the second half of 2018.'

'The Group had a positive start to the year and we should continue to benefit from the momentum in our Irish and Dutch businesses,' said Gavin Slark, Chief Executive Officer of Grafton Group.

'Underlying demand in the UK RMI market remains relatively subdued and we continue to focus on realising the benefits from the investments we have made in recent years into our higher margin Selco and Leyland SDM businesses.'


At 8:41am: [LON:GFTU] Grafton Group PLC share price was +24.75p at 894.75p



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