Grafton Group Irish figure very strong compared to other markets
Pictured: (LtR) Eddie Kelly, Chief Executive Officer, Grafton Merchanting ROI and Patrick Atkinson, Chief Operating Officer, Grafton Merchanting ROI
A trading update from Grafton Group plc for the first four months of 2017 indicates clear signs of the continuing recovery in the Irish Construction sector, with revenue in its merchanting business in Ireland increasing by 13.7% between January and April.
Grafton Group per capita growth highest in Ireland
This figure compares well against Grafton’s growth figure in the UK (4.8%), Netherlands (4.3%) and Belgium (3.4%) since the start of the year.
According to the Group’s trading update for the period 01 January 2017 to 30 April 2017: “The Group's market leading merchanting business in Ireland continued to outperform in a strong market. The recovery in construction activity was broadly based with positive demand trends in both residential and non-residential markets.”
Upward trend to continue
Gavin Slark, Chief Executive Officer of Grafton Group plc commented:
"The Group has had a good start to the year and the outlook is positive. We expect a continuation of the favourable trends in the Irish and Netherlands businesses. In view of recent economic and political developments, we are more cautious about the prospects for the UK however we have a good portfolio of businesses with strong market positions and we look to the future with confidence.”
Grafton Group plc is an international distributor of building materials to trade customers and has leading regional or national positions in the merchanting markets in the UK, Ireland, the Netherlands and Belgium. Grafton is also the market leader in the DIY retailing market in Ireland and is the largest manufacturer of dry mortar in the UK. Grafton trades from circa 630 branches and has over 12,000 employees. Its portfolio of brands include Chadwicks, Heiton Buckley and Woodie's in Ireland.