Revenues up for Grafton Group
Builders merchanting and DIY group Grafton said revenues rose in the four months to the end of October up as trading conditions continued to improve in the UK and Ireland.
Total sales for the period were 21 per cent year on year to €528 million, driven by a 4.1 per cent rise in UK merchanting, which makes up the bulk of Grafton’s revenues, and a 5.6 per cent lift in the Irish merchanting business. Over the 10 months to October 31st, revenue totalled £1.6 billion (€1.9 billion), representing a 7.4 per cent rise from the £1.49 billion recorded in 2012.
The UK merchanting business was driven by more favourable economic conditions over the four months to the end of October, leading to an improvement in the new housing and repair, maintenance and improvement markets. The opening of two Selco branches also helped lift volumes in the period. Source: The Irish Times