DIY group sees revenue up 7.4%

Grafton Group has reported a 7.4% year-on-year increase in revenue for the first 10 months of this year, supported by improved trading conditions in its main geographical markets.

The Dublin-based builders merchants and DIY group said yesterday that total revenue — up to the end of October — amounted to £1.6bn (€1.9bn), compared to £1.49bn for the same period last year.

Grafton formally switched its share listing from Dublin to London last month and — in the process — its reporting currency from euro to sterling.