Grafton revenue falls but outlook positive

GRAFTON group, the largest builders merchants in Ireland, is on course for improved results next year despite a 28% revenue drop to €1.69 billion in the year to the end of October.

The company reiterated that it continues to experience very challenging trading conditions but said the stabilisation of group turnover since April was maintained in September and October.

The group is market leader in DIY retailing in Ireland, with 22 Woodies stores and 16 Atlantic Homecare stores.