Company Watch

Grafton Group trading profit ahead of analysts’ expectations

Revenue increased by 9.1 per cent to £2.30 billion in 2022 from £2.11 billion the previous year

Eric Born, chief executive of Grafton Group: expects full-year operating profits to be slightly ahead of ‘top-end analysts’ forecasts for 2022’

Grafton Group is expected to report trading profit, excluding property, of around £253 million in respect of last year according to analysts, following a trading update from the company last week. This is around 2.5 per cent above the forecasts of analysts at stockbrokers Davy.

“This underlines that Grafton remains fundamentally in good shape. It has deepened its geographic operating base and remains supported by a rock-solid financial position,” Flor O’Donoghue of Davy said.

The ...