Grafton turnover remains stable

GRAFTON Group, the builders merchants and DIY group, said the stabilisation of turnover previously reported has continued to the year end.

While the second half showed some signs of improvement in both its key markets, Grafton said it was still cautious about the 2010 outlook overall.

It said the group will benefit from the cost reduction and integration programmes of the last 18 months and it “is well placed to capitalise on any improvement in its markets. The group has operations in Ireland and Britain and owns the Woodies DIY chain in Ireland.