Essential reading for retailers and suppliers in the home improvement market

Grafton Group reveals revenue up 13.3%

Published: 12 July 2016
Revenue for the Grafton Group, owner of Irish DIY retailer Woodies, was up 13.3% to £1.23bn during the six months to June 30.
Grafton Group reveals revenue up 13.3%
The group's retailing results - comprising mainly of Woodies - showed a 10% increase in the three months to March 31, a 4.2% uptake in the three months to June 30 and an overall increase of 6.4% in the collective six months to June 30.

The recovery in retail sales in Ireland gathered pace in 2015 and continued into the half year, supported by momentum in consumer spending that was reflected in strong revenue growth in the Woodies DIY business.

Grafton Group chief executive officer Gavin Slark said: "The referendum decision in the UK to leave the European Union has created uncertainty about the near term outlook and prospects for the economy and this is likely to weigh on demand in the new housing and RMI markets over the remainder of the year.

"Growth in the Irish and the Netherlands merchanting markets is expected to continue broadly in line with recent trends. The group's financial strength and geographic diversity leave it well positioned to take advantage of any opportunities that may emerge across the markets in which it operates."

Comments


(Your email address will not be published)
5 + 1 =  
Already Registered?
Sign In
Not Yet Registered?
Register
Printable View E-mail Bookmark
*

Latest reader comments

re: Latest update on Green Homes Grant and implications for homeowners and landlords

John Hart
After applying for a green homes how long will it take for a decision? thanks...

re: SX Rainproof Exterior Caulk

Wally
I need the exterior sx rain resistant caulk! Can't get it anywhere so please help! How can I order it? Need it yesterday...

re: BCT can replicate any material in a ceramic tile

Christina Tiritanou
Not sure if you can help as I require a tile which has the measurements of 6”x 6”? Thank you....

re: Latest update on Green Homes Grant and implications for homeowners and landlords

colin thompson
SarahVery clear and helpful information.Thanks...

Most read stories