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GFTU - Grafton News Story

614p -18.5  -2.9%

Last Trade - 22/05/20

Sector
Consumer Cyclicals
Size
Mid Cap
Market Cap £1.46bn
Enterprise Value £1.99bn
Revenue £2.67bn
Position in Universe 300th / 1827

BRIEF-Grafton Says Co To Close Distribution Branches And Manufacturing Plants In UK For Next 3 Weeks

Tue 24th March, 2020 3:45pm
March 24 (Reuters) - Grafton Group PLC  GFTU_u.L :
    * GRAFTON GROUP PLC  - COVID-19 UPDATE
    * GRAFTON GROUP PLC - TO CLOSE ALL OUR DISTRIBUTION BRANCHES
AND
MANUFACTURING PLANTS IN UK FOR NEXT THREE WEEKS
    * GRAFTON GROUP PLC - TRADING IN YEAR TO DATE HAS BEEN
BROADLY IN
LINE WITH OUR EXPECTATIONS
    * GRAFTON GROUP PLC - SOME EVIDENCE OVER LAST WEEK OF
STRONGER
DEMAND IN A NUMBER OF OUR DISTRIBUTION BUSINESSES
    * GRAFTON GROUP PLC - COVID-19 VIRUS WILL INEVITABLY LEAD TO
A
MATERIAL DECLINE IN REVENUE AND PROFITABILITY OVER COMING MONTHS
    * GRAFTON GROUP PLC - NO LONGER POSSIBLE TO PROVIDE
FINANCIAL
GUIDANCE FOR REMAINDER OF CURRENT FINANCIAL YEAR ENDING 31
DECEMBER 2020
    * GRAFTON GROUP PLC - DECISION TO SUSPEND PAYMENT OF SECOND
INTERIM DIVIDEND FOR 2019 WHICH WAS DUE TO BE PAID ON 6 APRIL
2020

Source text for Eikon:  ID:nRSX4149Ha 
Further company coverage:  GFTU_u.L 

 ((Reuters.Briefs@thomsonreuters.com ;;))
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