Grafton Group says the company is on track for full year expectations and sees resilient trading in spite of challenging market. Grafton Group is our Company of the Month December 2023, in association with KPMG.
Grafton Group
The owner of Woodie’s DIY and Chadwicks has proved resilient in a challenging market. Grafton said its group revenue in the ten months to the end of October 2023 was up by 1.7% to £1.96 billion from £1.93 billion the same time last year.
In November, Eric Born, the chief executive of Grafton Group, said that despite more challenging markets in recent months, the company expects its group operating profit for the year to be in line with expectations. He said:
“Our strong focus on cost management mitigated some of the impacts of weaker trading and we continue to support our customers with excellent value propositions across our portfolio of businesses.”
“Our strong balance sheet and cash generative operations provide us with the resources to develop our businesses organically and to take advantage of acquisition opportunities as they arise. We continue to be actively engaged with potential vendors to build a deeper pool of opportunities in our targeted European markets,” he added.
Company of the Month
The Company of the Month Award, in association with KPMG, recognises outstanding Irish companies. It especially acknowledges those who have made significant contributions to the business community of Ireland.
Recipients of the award are automatically put forward as candidates for the prestigious Company of the Year Award at the annual Business & Finance Awards.
Business & Finance, Company of the Month
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