Mar 06, 2025 / 09:00AM GMT
Eric Born - Grafton Group PLC - Chief Executive Officer, Executive Director
Good morning, everyone. Welcome to the Grafton full-year results presentation. I will briefly go through the highlights before handing over to David Arnold, our CFO for the financial review.
Fully adjusted operating profit pre-property was GBP173.5 million, which was slightly ahead of analysts' expectations. It was a resilient performance despite a challenging macroeconomic backdrop in many of our markets, notably in the UK and in Finland. Our result was supported by our good geographic diversification across multiple markets but also proactive cost mitigations, which were instigated very early on in order to counteract the inflationary pressures we had on the cost side.
In terms of group development, we made really good progress, and we are very ambitious to do more. So we invested, as always, in our existing network of branches, and we also organically opened seven more branches across the estate. We entered the attractive and highly fragmented Spanish building material distribution market by acquiring a
Full Year 2024 Grafton Group PLC Earnings Call Transcript
Mar 06, 2025
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