Grafton earnings to be ahead of forecasts

Grafton Group expects EBITDA for the year ended 31 Dec to be slightly ahead of consensus forecasts.

It said group revenue increased by 8.8% to £2.7bn.

It said growth in constant currency was 6.8% and average daily like-for-like revenue increased by 5.7%.

The group said it delivered an improvement in profitability across all its geographies.

At 9:35am: (LON:GFTU) Grafton Group PLC share price was +28.5p at 788.5p