Woodie's owner Grafton expects higher profits on back of strong first half

Irish-headquartered builders’ suppliers and DIY retailer said revenues for the first six months topped £1.55bn; 46.5% up on a year-on-year basis

Grafton Group chief executive Gavin Slark. 

Woodie’s DIY owner Grafton Group has raised its profit expectations for this year on the back of a stronger-than-anticipated first-half performance and recent acquisitions bolstering its business.

The Irish-headquartered builders’ suppliers and DIY retailer said revenues for the first six months of this year topped £1.55bn (€1.8bn); 46.5% up on a year-on-year basis.