Essential reading for retailers and suppliers in the home improvement market

Grafton Group sees turnover grow by 10%

Published: 4 January 2008
Irish and UK builders merchants and diy group, Grafton plc, has reported a 10% increase in turnover to over €3.2bn (£2.4m) for the last year.
The company says that the UK economy performed strongly in 2007, although there are signs that growth slowed in the final quarter.

However, it adds that it is in a strong position to cope with an expected slowdown and it should continue to be a market which presents sound growth and development opportunities in the sector.

The group was active on the expansion front in 2007 and completed 14 acquisitions.

The businesses bought have annual sales of more than €100m (£76m) and trade from 32 branches in the UK and one in Ireland. They cost a total of €74m (£55m).

In addition to acquisitional growth, Grafton opened 13 branches in the UK and three in Ireland.

Comments


(Your email address will not be published)
Already Registered?
Sign In
Not Yet Registered?
Register
Printable View E-mail Bookmark
*

What do you think?


What would help you maximise sales of hardware lines?





Latest reader comments

re: Tommy Walsh: 'I'm really proud of my £1 tools'

Danny Ocean
When are the general public going to realise, that every so called brand or celebrity named product is all to often, a low cost Chinese ...

re: Tommy Walsh: 'I'm really proud of my £1 tools'

Chris Elliot
Professional trades man with a full range of tools from Poundland. My favourite is my spirit level never lets me down. I like going on a ...

re: Homebase appoints Ian Topping as chairman

Jason
Homebase is a lost and needs to close all its stores and do what a pc has to do when it gets a virus...a complete factory reset.Start again ...

re: Graham Bell to head up B&Q as part of Kingfisher reshuffle

B&Q alice
Disgraceful share price plummet seemed to accelerate with buyback scheme. No leadership from VL to help stem this plummet leaving investors ...

re: Homebase appoints Ian Topping as chairman

Gel
HMV & Steinhoff hardly success stories by any stretch of the imaginiation!Homebase needs someone with relevant sector background....

Most read stories