Buy Or Sell Opportunity • Jun 08
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.3% to €9.40. The fair value is estimated to be €11.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 8.7%. For the next 3 years, revenue is forecast to grow by 5.3% per annum. Earnings are also forecast to grow by 4.9% per annum over the same time period. Aankondiging • May 16
Grafton Group plc Approves Final Dividend for the Year Ended 31 December 2025 Grafton Group plc at its Annual General Meeting held on May 15, 2026 approved to declare and pay a final dividend of 27.0 pence per Ordinary Share for the year ended 31 December 2025. Aankondiging • Mar 05
Grafton Group plc (LSE:GFTU) announces an Equity Buyback for £25 million worth of its shares. Grafton Group plc (LSE:GFTU) announces a share repurchase program. Under the program, the company will repurchase up to £25 million worth of its shares. The Company has entered into non-discretionary arrangements with Goodbody Stockbrokers UC (acting as agent) and Deutsche Bank AG (acting as principal) to conduct share buyback. The purpose of the Program is to reduce the share capital of the company. The repurchased shares will be cancelled. The program will be valid till August 31, 2026. Aankondiging • Oct 22
Grafton Group plc Announces Board Changes, Effective 21 October 2025 Grafton Group plc announced that, in line with the Board's succession plan, Susan Murray and Vincent Crowley have retired from their positions as Non-Executive Directors with effect from 21 October 2025 having served on the Board since October 2016. Dr. Rosheen McGuckian, who joined the Board in January 2020, succeeds Mrs. Murray as Senior Independent Director with immediate effect. Aankondiging • Jun 19
Grafton Group plc Announces Board and Committee Appointments Grafton Group plc announced the appointment of Andrea Gisle Joosen as Non-Executive Director and member of the Audit and Risk, Remuneration and Nomination Committees of the Company with effect from 1 July 2025. It is intended that Ms. Gisle Joosen will be appointed Chair of the Remuneration Committee of the Company over the coming months. Ms. Gisle Joosen is currently Non-Executive Director and Chair of the Remuneration Committee of Viaplay Group AB and Evoke plc. She is also a non-Executive Director of Zühlke, Logent AB, and Stadium AB. She previously chaired Sweden-headquartered Acast AB, Bilprovningen AB and Charge Amps AB, and was a Non-Executive Director at Currys plc, Billerud AB, ICA Gruppen, James Hardie Industries plc and Mr. Green & Co. During her executive career, Andrea held numerous leadership roles in the media and technology sectors including as CEO of Boxer Sweden and as Managing Director of Nordics for Panasonic, Chantelle Group and Twentieth Century Fox. The Company announced the appointment of David Dillon to the Audit and Risk, Remuneration and Nomination Committees of the Company, effective June 18, 2025. Aankondiging • Jun 04
Pipelife Ireland Solutions Limited acquired Mfp Sales Limited from Grafton Group plc (LSE:GFTU). Pipelife Ireland Solutions Limited acquired Mfp Sales Limited from Grafton Group plc (LSE:GFTU) on June 3, 2025. As a part of acquisition, Pipelife Ireland, wienerberger’s subsidiary, will integrate MFP’s operations, enhancing synergies in piping and drainage solutions. This acquisition supports wienerberger's strategy to meet customer needs with a full range of building envelope products and services. It marks a key step in expanding their product offerings in the region across wall, roof, heating, and water management categories, complemented by technical services and customer support. Post completion of the acquisition, MFP’s clients will continue to receive high-quality piping solutions and going forward will benefit from Pipelife’s best-in-class customer service. From now on, MFP’s manufactured product portfolio - including drainage, ducting and PVC roofline systems ?(Eavemaster) - will be manufactured exclusively at wienerberger’s state-of-the-art facility in Cork, where highly efficient, resource-saving methods enable more sustainable production.
For the period ending December 31, 2024, Mfp Sales Limited reported total revenue of €25 million.
Pipelife Ireland Solutions Limited completed the acquisition of Mfp Sales Limited from Grafton Group plc (LSE:GFTU) on June 3, 2025. Aankondiging • Mar 07
Grafton Group plc, Annual General Meeting, May 08, 2025 Grafton Group plc, Annual General Meeting, May 08, 2025. Aankondiging • Mar 06
Grafton Group plc Recommends Final Dividend for the Year 2024, Payable on 15 May 2025 Grafton Group plc recommended a final dividend for 2024 of 26.5 pence (2023: 26.0 pence) per ordinary share in line with its progressive dividend policy. An interim dividend of 10.5 pence (2023: 10.0 pence) per share was paid on 11 October 2024. The total dividend for the year is 37.0 pence per share, an increase of 2.8% on dividends of 36.0 pence paid for 2023. The final dividend will be paid on 15 May 2025 to shareholders on the Register of Members at the close of business on 22 April 2025, the record date. The ex-dividend date is 17 April 2025. The final dividend is subject to approval by shareholders at the Annual General Meeting to be held on 8 May 2025. Aankondiging • Jan 18
Grafton Group plc to Report Fiscal Year 2024 Results on Mar 06, 2025 Grafton Group plc announced that they will report fiscal year 2024 results on Mar 06, 2025 Recent Insider Transactions • Nov 06
Group CFO & Director recently sold €363k worth of stock On the 4th of November, David Arnold sold around 30k shares on-market at roughly €12.11 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. David has been a net seller over the last 12 months, reducing personal holdings by €753k. Aankondiging • Oct 30
Grafton Group plc (LSE:GFTU) acquired Salvador Escoda S.A. for €132 million. Grafton Group plc (LSE:GFTU) acquired Salvador Escoda S.A. for €132 million on October 30, 2024. The total consideration payable is a maximum of €132 million on a cash and debt free basis, with €128 million payable at completion and a further €4 million payable subject to financial performance conditions. For the year ended 31 December 2023, Salvador Escoda reported revenue of €231.8 million and adjusted operating profit on a local GAAP basis1 of €16.5 million.
Grafton Group plc (LSE:GFTU) completed the acquisition of Salvador Escoda S.A. on October 30, 2024. Declared Dividend • Sep 01
First half dividend of UK£0.10 announced Shareholders will receive a dividend of UK£0.10. Ex-date: 12th September 2024 Payment date: 11th October 2024 Dividend yield will be 3.2%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (57% earnings payout ratio) and cash flows (37% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 30
First half 2024 earnings released: EPS: UK£0.28 (vs UK£0.34 in 1H 2023) First half 2024 results: EPS: UK£0.28 (down from UK£0.34 in 1H 2023). Revenue: UK£1.14b (down 4.4% from 1H 2023). Net income: UK£57.3m (down 23% from 1H 2023). Profit margin: 5.0% (down from 6.3% in 1H 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 8% per year. Aankondiging • Aug 29
Grafton Group plc Declares Interim Dividend, Payable on 11 October 2024 The Board of Grafton Group plc has declared an interim dividend of 10.50 pence per share, an increase of 5.0% on last year's interim dividend of 10.00 pence. The interim dividend for 2024 will be paid on 11 October 2024 by Grafton Group plc to shareholders on the Register of Members at the close of business on 13 September 2024. The ex-dividend date is 12 September 2024. Aankondiging • Jul 17
Grafton Group plc to Report Q3, 2024 Results on Nov 12, 2024 Grafton Group plc announced that they will report Q3, 2024 results on Nov 12, 2024 Aankondiging • Jul 10
Grafton Group plc to Report First Half, 2024 Results on Aug 29, 2024 Grafton Group plc announced that they will report first half, 2024 results on Aug 29, 2024 New Risk • Jun 16
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €284k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. This is currently the only risk that has been identified for the company. Upcoming Dividend • Apr 04
Upcoming dividend of UK£0.26 per share Eligible shareholders must have bought the stock before 11 April 2024. Payment date: 09 May 2024. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.2%). Declared Dividend • Mar 10
Final dividend of UK£0.26 announced Shareholders will receive a dividend of UK£0.26. Ex-date: 11th April 2024 Payment date: 9th May 2024 Dividend yield will be 3.3%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Mar 08
Grafton Group plc Recommends Final Dividend for 2023, Payable on 9 May 2024 Grafton Group plc is recommending a final dividend for 2023 of 26.0 pence (2022: 23.75 pence) per ordinary share in line with its progressive dividend policy. An interim dividend of 10.0 pence (2022: 9.25 pence) per share was paid on 20 October 2023. The total dividend for the year is 36.0p per share, an increase of 9.1 per cent on dividends of 33.0p paid for 2022. The final dividend will be paid on 9 May 2024 to shareholders on the Register of Members at the close of business on 12 April 2024, the record date. The ex-dividend date is 11 April 2024. The final dividend is subject to approval by shareholders at the Annual General Meeting to be held on 2 May 2024. Reported Earnings • Mar 08
Full year 2023 earnings released: EPS: UK£0.70 (vs UK£0.89 in FY 2022) Full year 2023 results: EPS: UK£0.70 (down from UK£0.89 in FY 2022). Revenue: UK£2.32b (flat on FY 2022). Net income: UK£148.7m (down 29% from FY 2022). Profit margin: 6.4% (down from 9.1% in FY 2022). Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Aankondiging • Mar 06
Grafton Group plc to Report Fiscal Year 2023 Results on Mar 07, 2024 Grafton Group plc announced that they will report fiscal year 2023 results on Mar 07, 2024 Aankondiging • Jan 18
Grafton Group plc, Annual General Meeting, May 02, 2024 Grafton Group plc, Annual General Meeting, May 02, 2024. Aankondiging • Jan 17
Grafton Group plc Announces Management Changes Grafton Group plc announced the appointment of Mr. Ian Tyler as Independent Non-Executive Director, Chair Designate and a member of the Nomination Committee with effect from 1 March 2024. He will succeed Mr. Michael Roney as Chair of the Board and the Nomination Committee when Mr. Roney steps down from the Board at the conclusion of the Company's Annual General Meeting ("AGM") on 2 May 2024. Mr. Roney joined the Board on 1 May 2016 as Chair Designate and assumed the role of Chair on 1 January 2017. He advised the Board that, subject to completion of a search to appoint his successor, he would not seek re-election at this year's AGM and the Nomination Committee initiated a search for a new Chair under the leadership of Mr. Paul Hampden Smith, Senior Independent Director. Mr. Tyler is a highly experienced Chair and former Chief Executive with wide-ranging experience across a range of industries. He has deep board level experience gained as an Executive Director, Board Chair and Non-Executive Director of listed companies. He is currently Non-Executive Director of Anglo American plc and Synthomer plc and Chair of BMT Group Ltd, a privately owned design and technical consulting firm and Affinity Water Ltd, a privately owned business. He will be stepping down from his role with Affinity Water Ltd. during 2024 at a time to be agreed once his successor has been appointed. Mr. Tyler was previously Chair of Amey UK plc, Vistry Group plc, AWE Management Ltd, Al Noor Hospitals Group plc and Cairn Energy plc. He is a former Non-Executive Director of BAE Systems plc, Cable & Wireless Communications plc, VT Group plc and Mediclinic International plc. Mr. Tyler's primary executive career was at Balfour Beatty plc, a global infrastructure business that he joined in 1996 as Finance Director of Balfour Beatty Group Ltd, its principal trading subsidiary. He was appointed Group Finance Director of Balfour Beatty plc in 1999, Chief Operating Officer in 2002 and Chief Executive in 2005, a role he held until 2013. In his early career, Mr. Tyler trained as a Chartered Accountant with Arthur Andersen and held a finance role with Storehouse plc. Prior to joining Balfour Beatty plc, he was Financial Controller of Hanson plc and Finance Director of ARC Ltd, one of its principal subsidiaries. Aankondiging • Dec 06
Grafton Group plc Appoints Mark Robson as A Member of the Audit and Risk Committee, the Remuneration Committee and the Nomination Committee Grafton Group plc announced that Mr. Mark Robson, who joined the Board on 1 December 2023, has been appointed as a member of the Audit and Risk Committee, the Remuneration Committee and the Nomination Committee with effect from 5 December 2023. Aankondiging • Nov 02
Grafton Group plc Announces Board Changes Grafton Group plc announced the appointment of Mr. Mark Robson as Non-Executive Director and Chair Designate of the Audit and Risk Committee with effect from 1 December 2023; and of Mrs. Susan Murray as Senior Independent Director with effect from the conclusion of the 2024 Annual General Meeting ("AGM") of the Company. Mr. Robson will succeed Mr. Paul Hampden Smith as Chair of the Audit and Risk Committee when he steps down from the Board at the conclusion of the 2024 AGM after almost nine years as a Director. Mr. Robson is a highly experienced former Chief Financial Officer ("CFO") with a board level career in listed companies spanning over two decades and experience, gained at a senior executive level, of the manufacture and distribution of materials to small builders through a national branch network. Mr. Robson joined the Board of Howden Joinery Group Plc ("Howdens") as CFO in April 2005 and in addition served as Deputy Chief Executive Officer for his final six years on the Board and retired in December 2021. Prior to joining Howdens, Mr. Robson served for six years as CFO of Delta plc. In his early career, he held progressively more senior financial positions over a period of thirteen years with Imperial Chemical Industries PLC. Mr. Robson trained as a Chartered Accountant with PwC. Mrs. Susan Murray, who joined the Board in October 2016, will succeed Mr. Hampden Smith as Senior Independent Director at the conclusion of the 2024 AGM. Buying Opportunity • Oct 25
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be €10.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.6% over the last 3 years. Earnings per share has grown by 20%. For the next 3 years, revenue is forecast to grow by 2.3% per annum. Earnings is forecast to decline by 0.8% per annum over the same time period. Upcoming Dividend • Sep 14
Upcoming dividend of UK£0.10 per share at 3.7% yield Eligible shareholders must have bought the stock before 21 September 2023. Payment date: 20 October 2023. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (4.9%). Higher than average of industry peers (2.8%). New Risk • Sep 05
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Aankondiging • Sep 01
Grafton Group plc Announces Interim Dividend for the Year 2023, Payable on 20 October 2023 The Board has declared an interim dividend of 10.0 pence per share, an increase of 8.1% on last year's interim dividend of 9.25 pence. The interim dividend will be paid on 20 October 2023 by Grafton Group plc to shareholders on the Register of Members at the close of business on 22 September 2023, the record date. The ex-dividend date is 21 September 2023. Reported Earnings • Sep 01
First half 2023 earnings released: EPS: UK£0.34 (vs UK£0.46 in 1H 2022) First half 2023 results: EPS: UK£0.34 (down from UK£0.46 in 1H 2022). Revenue: UK£1.19b (up 3.2% from 1H 2022). Net income: UK£74.8m (down 32% from 1H 2022). Profit margin: 6.3% (down from 9.5% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Trade Distributors industry in Europe. Aankondiging • Aug 19
Grafton Group plc to Report First Half, 2023 Results on Aug 31, 2023 Grafton Group plc announced that they will report first half, 2023 results on Aug 31, 2023 Aankondiging • May 06
Grafton Group plc Approves Final Dividend for the Year Ended 31 December 2022 Grafton Group plc at its Annual General Meeting of the Company held on 4 May 2023, approved to declare and pay a final dividend of 23.75 pence per Ordinary Share for the year ended 31 December 2022. Reported Earnings • Apr 06
Full year 2022 earnings released: EPS: UK£0.89 (vs UK£0.86 in FY 2021) Full year 2022 results: EPS: UK£0.89 (up from UK£0.86 in FY 2021). Revenue: UK£2.30b (up 9.1% from FY 2021). Net income: UK£208.6m (flat on FY 2021). Profit margin: 9.1% (in line with FY 2021). Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Trade Distributors industry in Europe. Upcoming Dividend • Apr 06
Upcoming dividend of UK£0.24 per share at 4.0% yield Eligible shareholders must have bought the stock before 13 April 2023. Payment date: 11 May 2023. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.9%). Recent Insider Transactions • Mar 13
CEO & Director recently bought €111k worth of stock On the 10th of March, Eric Born bought around 11k shares on-market at roughly €9.83 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Eric's only on-market trade for the last 12 months. Reported Earnings • Mar 03
Full year 2022 earnings released: EPS: UK£0.89 (vs UK£0.86 in FY 2021) Full year 2022 results: EPS: UK£0.89 (up from UK£0.86 in FY 2021). Revenue: UK£2.30b (up 9.1% from FY 2021). Net income: UK£208.6m (flat on FY 2021). Profit margin: 9.1% (in line with FY 2021). Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Trade Distributors industry in Europe. Board Change • Nov 29
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Rosheen McGuckian was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Nov 22
CEO & Director recently sold €1.4m worth of stock On the 14th of November, Gavin Slark sold around 150k shares on-market at roughly €9.28 per share. This transaction amounted to 41% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Gavin's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improved over the past week After last week's 17% share price gain to €9.27, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Trade Distributors industry in Europe. Total loss to shareholders of 37% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €7.87 per share. Aankondiging • Nov 01
Grafton Group plc Appoints Eric Born as A Director Eric Born has been appointed as a Director of Grafton Group plc with effect from 28 November 2022. Aankondiging • Oct 28
Grafton Group plc Announces CEO Changes Grafton Group plc announced that Mr. Eric Born has been appointed Chief Executive Officer ("CEO"). Mr. Born joins Grafton on 28 November 2022 as CEO and will succeed Mr. Gavin Slark who remains with the Group until 31 December 2022 to facilitate an orderly transition. This appointment follows an extensive selection process led by the Board's Nomination Committee with the support of an executive search firm. Mr. Born brings a wealth of international business experience to the role having served for five years as Chief Executive of Swissport International AG. and for a similar period as Chief Executive of Wincanton plc. He was formerly President, West & South Europe of Gategroup and in the decade prior to that he held a variety of senior roles in the retail sector in Switzerland and the UK. Mr. Born previously served as Non-Executive Director of Serco Group plc and John Menzies plc A Swiss national, he holds a BBA degree from the University of Applied Science in Zurich and an MBA from Simon Business School at the University of Rochester, New York. Following a distinguished international sporting career, Mr. Born used his high-performance skills, ability and drive to create a very successful career in business. Recent Insider Transactions • Oct 03
Non-Executive Chairman recently bought €85k worth of stock On the 29th of September, Michael Roney bought around 12k shares on-market at roughly €7.05 per share. This transaction amounted to 35% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Michael's only on-market trade for the last 12 months. Upcoming Dividend • Sep 01
Upcoming dividend of UK£0.092 per share Eligible shareholders must have bought the stock before 08 September 2022. Payment date: 07 October 2022. Payout ratio is a comfortable 37% and the cash payout ratio is 97%. Trailing yield: 4.2%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.8%). Aankondiging • Aug 26
Grafton Group plc Appoints Avis Darzins as Member of the Audit and Risk Committee, the Remuneration Committee and the Nomination Committee with Immediate Effect Grafton Group plc announced that Ms. Avis Darzins has been appointed as a member of the Audit and Risk Committee, the Remuneration Committee and the Nomination Committee with immediate effect. Reported Earnings • Aug 26
First half 2022 earnings released: EPS: UK£0.46 (vs UK£0.48 in 1H 2021) First half 2022 results: EPS: UK£0.46 (down from UK£0.48 in 1H 2021). Revenue: UK£1.15b (up 12% from 1H 2021). Net income: UK£109.4m (down 5.7% from 1H 2021). Profit margin: 9.5% (down from 11% in 1H 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to stay flat compared to a 8.1% growth forecast for the Trade Distributors industry in Germany. Aankondiging • Aug 25
Grafton Group plc Announces Interim Dividend for the Year 2022, Payable on October 7, 2022 Grafton Group plc announced that the board has decided to pay an interim dividend for 2022 of 9.25 pence per share, an increase of 8.8% on last year's interim dividend. The interim dividend is in line with the Board's guidance for full year dividend cover of between two and three times adjusted earnings and reflects the Group's strong balance sheet and profitability and cashflow from operations for the half year. The interim dividend will be paid on 7 October 2022 by Grafton Group plc to shareholders on the Register of Members at the close of business on 9 September 2022, the record date. The Ex-dividend date is 8 September 2022. Aankondiging • Jul 12
Grafton Group plc Provides Earnings Guidance for the Six Months Ended June 30, 2022 Grafton Group plc provided earnings guidance for the six months ended June 30, 2022. For the period, the company Overall Group trading was good in the half year with total revenue up by 13.9 per cent in constant currency. Average daily like-for-like revenue growth of 3.4 per cent was complemented by a significant contribution from acquisitions in Finland, the UK, Ireland and the Netherlands. The distribution businesses in Ireland and the Netherlands performed strongly in good markets with performance in the UK Distribution business more subdued, against strong comparators in 2021. There was some unwinding of higher margin revenue from retail customers in the distribution businesses in the UK and Ireland in the first half of last year that was driven by exceptional demand for home and outdoor space improvements. Revenue normalised in the retailing business in Ireland as the exceptional gains during the Covid-19 lockdown reversed as anticipated and the UK Manufacturing business performed strongly. Group revenue increased by 12.1% to £1.15 billion in the half year from £1.03 billion in first half of 2021, excluding the traditional merchanting business in Great Britain that was divested on 31 December 2021. Aankondiging • Jul 05
Grafton Group plc Announces CEO Changes Grafton Group plc announces that Mr. Gavin Slark has informed the Board of his intention to step down as Chief Executive Officer ("CEO") later this year after eleven years in the role. Mr. Slark will continue in his roles as CEO and Board Director until stepping down from both roles on 31 December 2022 in line with his service agreement. A process to appoint a successor will commence immediately with the support of an executive search firm. Buying Opportunity • Jun 19
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 23%. The fair value is estimated to be €11.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.0% over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 4.4% per annum. Earnings is forecast to decline by 3.6% per annum over the same time period. Upcoming Dividend • Mar 31
Upcoming dividend of UK£0.22 per share Eligible shareholders must have bought the stock before 07 April 2022. Payment date: 05 May 2022. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (3.7%). Higher than average of industry peers (2.5%). Reported Earnings • Feb 26
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: UK£0.86 (up from UK£0.45 in FY 2020). Revenue: UK£2.11b (down 16% from FY 2020). Net income: UK£206.8m (up 92% from FY 2020). Profit margin: 9.8% (up from 4.3% in FY 2020). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 6.2%, compared to a 8.6% growth forecast for the industry in Germany. Aankondiging • Feb 24
Grafton Group plc Proposes Final Dividend for 2021 The Board of Grafton Group plc announced to maintain dividend cover of between two and three times in future with the dividend cover for 2021 at the upper end of that range. Consistent with this, company announced a proposed final dividend of 22.0 pence per share to give a total dividend for the 2021 financial year of 30.5 pence per share, representing cover of 3.0 times based on adjusted earnings per share. Aankondiging • Feb 22
Grafton Group plc, Annual General Meeting, Apr 28, 2022 Grafton Group plc, Annual General Meeting, Apr 28, 2022. Aankondiging • Jan 31
Grafton Group plc Appoints Avis Darzins as Non-Executive Director with Effect from 1 February 2022 Grafton Group plc announced that Avis Darzins has been appointed as Non-Executive Director of the company with effect from 1 February 2022. Ms. Darzins has a strong business background and varied experience including eight years as a Partner at Accenture in London where she worked closely with many well-known national and international brands operating in the retail and consumer products sectors to deliver successful outcomes and drive performance and growth. Ms. Darzins has extensive experience of business change in a variety of sectors including four years as Director of Business Transformation at Sky plc. She was previously an independent consultant with EY and in her early career held leadership roles in a number of major businesses and brands. Ms. Darzins is currently a Non-Executive Director of Marshalls plc, the UK's leading manufacturer of landscaping products for the construction and home improvement markets. She previously served as Non-Executive Director at Moss Bros Group plc until the business was taken private in June 2020. Aankondiging • Dec 23
Grafton Group plc (LSE:GFTU) agreed to acquire Sitetech Building Products Limited. Grafton Group plc (LSE:GFTU) agreed to acquire Sitetech Building Products Limited on December 22, 2021. Sitetech Building Products Limited reported revenue of €16.9 million in year 2020. Completion of the acquisition is subject to approval by the Competition and Consumer Protection Commission in Ireland. Reported Earnings • Aug 26
First half 2021 earnings released: EPS UK£0.48 (vs UK£0.096 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: UK£1.03b (up 46% from 1H 2020). Net income: UK£116.0m (up 405% from 1H 2020). Profit margin: 11% (up from 3.3% in 1H 2020). The increase in margin was driven by higher revenue. Aankondiging • Jun 23
Grafton Group plc (LSE:GFTU) signed an agreement to acquire Isojoen Konehalli Oy and Jokapaikka Oy from Ilkka Alakortes and his family for approximately €200 million. Grafton Group plc (LSE:GFTU) signed an agreement to acquire Isojoen Konehalli Oy and Jokapaikka Oy from Ilkka Alakortes and his family for approximately €200 million on June 22, 2021. The consideration will be paid in cash on completion and will be entirely funded from the Group’s existing cash resources. IKH reported revenue of approximately €160 million and an adjusted operating profit of €21 million for the year ended February 28, 2021. Gross assets were €101.7 million at 28 February 2021. The acquisition is expected to complete next month. Recent Insider Transactions • May 01
CEO & Director recently sold €2.5m worth of stock On the 29th of April, Gavin Slark sold around 180k shares on-market at roughly €13.80 per share. This was the largest sale by an insider in the last 3 months. This was Gavin's only on-market trade for the last 12 months. Upcoming Dividend • Apr 01
Upcoming dividend of UK£0.14 per share Eligible shareholders must have bought the stock before 08 April 2021. Payment date: 05 May 2021. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (3.3%). In line with average of industry peers (1.4%). Reported Earnings • Feb 26
Full year 2020 earnings released: EPS UK£0.45 (vs UK£0.60 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: UK£2.51b (down 6.1% from FY 2019). Net income: UK£107.5m (down 25% from FY 2019). Profit margin: 4.3% (down from 5.4% in FY 2019). The decrease in margin was driven by lower revenue. Analyst Estimate Surprise Post Earnings • Feb 26
Revenue beats expectations Revenue exceeded analyst estimates by 0.1%. Over the next year, revenue is forecast to grow 6.8%, compared to a 4.9% growth forecast for the Trade Distributors industry in Germany. Aankondiging • Feb 20
Grafton Group plc, Annual General Meeting, Apr 28, 2021 Grafton Group plc, Annual General Meeting, Apr 28, 2021. 