Selco owner Grafton sees consistent growth in 2018, so far

International builders merchanting and DIY group Grafton has seen like-for-like growth in Q3, continuing a positive trend throughout the year.

The group, which owns Selco, Buildbase, Leyland SDM, Woodie’s and Gunters en Meuser, among others, saw like-for-like revenue rise 5.5% in the four months ended 31 October, with total revenue up 10.2% in the same period.

Group revenue for the ten months to 31 October was up 9.3% to £2.5 billion (£2.3bn in ten months in 2017) and by 8.9% in constant currency. Like-for-like Group revenue increased 4.4%.

Growth came from across the board, but Ireland and the Netherlands saw the greatest rises, buoying the overall results.

“Trading in the UK has been consistent with our expectations at the time of the Interim Results,” said Gavin Slark, Grafton Group CEO. “The Group has benefitted from its exposure to multiple geographic markets and saw its businesses in Ireland and the Netherlands perform well. Following a good first half performance, overall trading in the last four months has underpinned our confidence that we will deliver our expectations for the full year.”