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Grafton Group reveals 6% revenue growth

Published: 8 March 2016
DIY and builders merchants Grafton Group - parent company to Irish retailers Woodie's DIY - has announced its annual results for the year ended December 31, 2015, revealing revenues up 6% to £2.21bn.
Grafton Group reveals 6% revenue growth
The group revealed that Woodie's was "back on a growth path" while the group's merchanting business "continued to generate good revenue and profit growth." The group also owns Plumbase, Buildbase and Selco, the latter of which was said to have "performed particularly strongly and opened five new branches."

Adjusted group operating profit was up 15%, 17% before taxation, with adjusted basic earnings per share up 19% to 41.0p.

The group revealed it had made a successful entry into the Netherlands merchanting market on completion of the Isero acquisition.

Said chief executive officer Gavin Slark: " Grafton made continuing progress in 2015 producing record revenue and solid growth in operating profit. We continued to invest in organic growth initiatives and selective acquisitions, most notably Isero in the Netherlands.

"We are confident about the overall prospects for the Group and expect to deliver organic growth in the year ahead and to also benefit from recent development activity as well as exposure to the strengthening economies in Ireland and the Netherlands."

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