Grafton Group’s trading update for the year ending 31 December 2013 confirms that its recovery is continuing to grow.

Grafton Group’s trading update for the year ending 31 December 2013 confirms that its recovery is continuing to grow.

Ahead of its final results for 2013, to be announced on 5 March 2014, the Group has revealed that revenues for the year rose 8% to £1.90bn, from £1.76bn in 2012.

Activity levels benefited from an improvement in economic conditions as the year developed. Trading in the final months of the year also provided further evidence that the recovery underway in the Group's markets has started to take hold.

Like-for-like revenues in the UK merchanting division rose 3.9% in Q4 and 3.2% for the year overall. In Ireland merchanting, the figures were 6.7% and 3.6% respectively.

Elsewhere, Irish retail revenues rose 2.7% in Q4 and by 1.5% for the year overall, while manufacturing revenues rose 14.5% in 2013 (44.3% in Q4).