Final results
Highlights
· Record revenue reflects strong organic growth
· Adjusted Group operating profit before property profit up 17%
· Growth in profitability in all segments and geographies:
o Strong organic growth in Irish Merchanting, Woodie's DIY and Mortar Manufacturing
o Acquisitions and organic growth increase scale and profitability of Dutch merchanting business
o Continued investment in Selco with a record number of branch openings
o Traditional UK Merchanting business benefits from growth and prior year restructuring
· Record cash from operations of £210.7 million (2016: £168.6 million) finances investment and strengthens balance sheet
· Investment of £119.1 million (2016: £72.3 million) on capital expenditure and acquisitions
· Progressive dividend policy - growth of 121% over the past five years