Friday 22 November 2019

Construction pick-up starting to spread

THE recovery in the construction sector has begun to spread out beyond Dublin, with the regions centres now seeing a notable uptick in activity, according to one of the biggest builders' supply firms in Ireland.

Builders' merchants firm Grafton Group, which also owns Woodies DIY said it was seeing clear signs that the market was improving beyond just Dublin.

"There has been a recovery in profitability in the Irish builders sector," said chief executive Gavin Slark, pictured right.

"We have a large exposure in the Irish construction industry as well as the builders merchants market and we have started to see the growth building in those sectors," he said.

"Importantly, we are seeing recovery beyond Dublin in the regional centres like Cork, Galway, Limerick and the like.

"The housing projects at the moment are generally small-scale but they will come back in time," Mr Slark added.

The improvement in the market was also spilling over into the DIY market, Mr Slark noted.

"There has been a return of confidence in terms of consumers," he said.

Mr Slark was speaking as Grafton reported a sharp uptick in 2014, with pre-tax profits jumping 50pc to £101.2m (€141m).

The growth in profits outpaced revenues, which climbed only 9pc to £2.08bn.

Herald

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