Irish recovery taking hold as Grafton Group revenues soar by 13% in year to date

Shares in Grafton Group jumped about 5% yesterday, on the back of it reporting strong double-digit revenue growth for the year so far.

In its latest trading update, the Dublin-headquartered builders merchants said that it generated total revenues of £2.11bn (€2.42bn) in the first 10 months of the year, up by 12.8% on a reported basis and by 10% on a constant currency basis.

The bulk of Grafton’s revenues are derived from its UK merchanting business and that division saw a modest increase in like-for-like revenue in the four months to the end of October.