Grafton Group PLC
11 May 2007
Grafton Group plc
AGM Statement - 11 May 2007
At today's Annual General Meeting in Dublin, the Chairman, Mr. Michael Chadwick,
will make the following statement:
'Grafton Group plc is pleased to report strong trading for the four months to
the end of April 2007.
The UK Merchanting business had a very good start to the year continuing the
positive trend experienced in the second half of last year. Buoyant conditions
in the RMI market were supported by a strong economy and healthy housing market.
UK merchanting developments since the start of the year included the completion
of three single branch acquisitions and the opening of six new merchanting
branches.
Solid sales growth was achieved in the Irish Merchanting business reflecting
moderation in demand in the residential construction market and increased
activity in the residential RMI market in a very favourable economic
environment. One new branch was added to the Irish merchanting network.
The improving sales trend in the Irish DIY business which emerged in the second
half of 2006 gained further momentum against a background of favourable weather
and strong consumer spending.
The first four months of 2007 have provided a good start to the year and the
Group is positive about the overall prospects for its business as it moves into
the seasonally stronger trading months ahead.'
Ends.
Friday, 11 May 2007
For further information please contact:
Grafton Group plc + 353 1 216 0600 Murray Consultants + 353 1 498 0300
Michael Chadwick, Executive Chairman Joe Murray
Colm O Nuallain, Finance Director
Citigate Dewe Rogerson + 44 207 282 2945
Ginny Pulbrook
This information is provided by RNS
The company news service from the London Stock Exchange BBPR
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