Grafton Group reports stronger half year revenues
Published 10/07/2014 | 07:36
BUILDERS merchanting and DIY group Grafton has reported stronger revenues in the first six months to June, up 11.3pc to just over £1bn.
"Overall trading conditions were favourable in the half year as the recovery in the UK and Irish economies became more firmly established and gradually gained momentum," the company, which owns Woodies, said.
Revenue for the half year reflected generally improved demand in its markets and strong growth in the first quarter due to better weather conditions compared to the previous year.
“Our UK and Irish merchanting businesses have benefited from an improved market backdrop which, combined with our organic growth plans, means the Group is well placed to build on its strong first half performance,” said Gavin Slark, chief executive.