Grafton builds on stronger demand

Grafton Group has reported an 11.3% annualised increase in first-half revenue to just over £1bn (€1.26bn); buoyed by growing economic momentum in its core geographical markets of Britain and Ireland.

The Dublin-based builders merchants firm — which switched its share listing to London last year — said, via a trading update yesterday, that revenues were boosted by improved customer demand and better weather conditions in core markets.

“Our UK and Irish merchanting businesses have benefited from an improved market backdrop which, combined with our organic growth plans, means the group is well-placed to build on its strong first-half performance,” Grafton’s chief executive, Gavin Slark said.