Full Year Results 

Grafton suffers as RMI market weakens

Grafton suffers as RMI market weakens

Against an uncertain political and economic backdrop, weakened demand in the repair, maintenance and improvement market weighed on domestic merchanting revenue for Grafton (GFTU) last year. The fight with competitors for sales volumes also weakened pricing, eroding the operating margin and resulting in a 7 per cent decline in adjusted operating profit for the building materials supplier’s core UK merchanting business. 

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