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Sep 6 2024, 06:50 IST/BST
Grafton Group
Well-positioned for cycle turn
- Sectors : Builders Merchants
- Companies : Grafton Group
DAVY VIEW
Grafton has proved itself an astute and judicious manager of capital; it has significant cash reserves; and it operates an attractive portfolio of businesses. Strategically, the next phase of the group’s evolution is expected to be the deployment of its cash- rich balance sheet. Operationally, Grafton has had to contend with mainly challenging end-markets, but it is clear the group remains well positioned to exploit the cyclical upturn expected to come through from next year and beyond.
