Grafton says trading in good shape

Its trading update for the period from July 1 2021 to October 31 2021 shows the positive 

revenue trends experienced in the first half were sustained in the period, supported by good underlying demand in the Group's markets and further normalisation of trading conditions as Covid-19 restrictions were lifted. 

The company said it had an encouraging performance despite supply chain pressures and heightened price inflation for building materials.

Group total revenue from continuing operations, which excludes the traditional merchanting business in Great Britain that is being divested, increased by 28% to £1.76bn in the ten months to October 31, 2021 from £1.37bn in the same period in 2020 and by 27.1 per cent from £1.39bn in the same period in 2019. 

“We expect to exit 2021 in good shape and well placed to outperform in our markets,” it said.