Grafton issue profit warning

Published: 7 January 2009
Builders merchant group Grafton Group plc have warned that their 2008 earnings and profits will be towards the 'lower end of market expectations'.
Grafton issue profit warning
The Irish group issued a trading statement today which said: "The difficult trading conditions reported in our Interim Management Statement on the 19th November continue across our markets in both the UK and Ireland. Group Turnover for the year is expected to be circa €2.67 billion after taking into account the conversion effect of the significant sterling weakness experienced in 2008.

"Grafton Group is profitable and cash generative. Management continues to deal with the challenges presented in the current trading environment. The Group expects that earnings before exceptional costs for the full year will be towards the lower end of market expectations."

The Group's announcement of its preliminary results is expected to be on February 27, 2009.


Already Registered?
Sign In
Not Yet Registered?
Printable View E-mail Bookmark
Would you like to receive a printed copy?
Click here to register for a regular copy of Builders Merchant Journal
Subcribe to ACR News

Digital Archives

Click here to view archived digital editions of Builders Merchants Journal
January 2018

Digital Archives

Click here to view archived digital editions of Builders Merchants Journal

Selco makes eight-year-old's Christmas

Eight-year old Luke Shaw becomes a Selco manager for the day

Digby shows off anti-stain porcelain properties

Digby Stone have launched two videos to demonstrate the stain resistance of their porcelain tiles

Buildbase goes on film to promote industry to next generation

National builders’ merchant, Buildbase has collaborated with ITN Productions and the Chartered Institute of Builders (CIOB) to produce a