Grafton Group plc. reported unaudited consolidated earnings results for the full year ended December 31, 2017. For the period, the company reported revenue of GBP 2,715,830,000 against GBP 2,507,276,000 a year ago. Operating profit before exceptional items was GBP 160,898,000 against GBP 139,850,000 a year ago. Operating profit was GBP 160,898,000 against GBP 120,137,000 a year ago. Profit before tax was GBP 154,451,000 against GBP 114,247,000 a year ago. Profit attributable to owners of the company was GBP 127,719,000 against GBP 93,347,000 a year ago. Earnings per ordinary diluted share were 53.80 pence against 39.44 pence a year ago. Cash flows from operating activities were GBP 186,143,000 against GBP 145,381,000 a year ago. Net debt was GBP 62,906,000 against GBP 96,295,000 a year ago. Adjusted profit before tax was GBP 157.2 million against GBP 136.2 million a year ago. Adjusted operating profit was GBP 163.7 million against GBP 142.0 million a year ago. Adjusted profit after tax was GBP 130.0 million against GBP 112.2 million a year ago. EBITDA was GBP 204.4 million against GBP 177.9 million a year ago. Return on capital employed was 13.6% against 12.5% a year ago. Adjusted Earnings per diluted share was 54.70 pence against 47.52 pence a year ago. The net investment on capital expenditure and intangible assets was GBP 72.6 million against GBP 50.4 million a year ago.

The company expects 2018 underlying tax rate to remain at 18.5%.