Grafton Group turnover up 4%

Published:  13 July, 2012

DUBLIN: Turnover at builders' merchants and DIY group Grafton, with operations in the UK, Ireland and Belgium, rose to €1.05bn ion the six months to the end of June, 4% up on last time.

The group said the translation of sterling turnover at a more favourable exchange rate against the euro contributed to the increase in turnover.

Average daily like-for-like turnover in the UK merchanting business, which accounted for 74% of group turnover, increased by 1.4% in the half year.

The business delivered a good improvement in turnover in the first quarter. Trading conditions in the second quarter were adversely affected by unseasonal weather with record levels of rainfall from April to June.

Self-help measures contributed to an improved performance in Buildbase and Plumbase. Turnover in the Irish merchanting business was down by circa 9% due to a further decline in spending on housing RMI.

Average daily turnover in the overall business, including the effect of branch consolidations, declined by 13% in January and February and at half that rate over the March to June period in what continues to be a challenging market.

The impact on performance of lower turnover was mainly offset by cost reductions.

Sign Up

For the Builders' Merchants News enewsletter.

In the spotlight


Builders Merchants Vacancies – UK Wide

At Arco, we are an industry specific recruitment consultancy, providing sales and managerial staff Nationwide to Merchants, Distributors and Manufacturers of Building Materials within the Construction Sales Sector. Priding ourselves on our unparalleled customer service and hard work, we offer a fresh, innovative and personal approach to recruitment specifically designed to meet our clients’ needs and candidates’ skills.

Guest Blog by Simon Damp

Is DIY a lost art?

As time goes by, the art of do-it-yourself when it comes to activities around the home and garden is fast becoming more and more of a lost art.