Woodies owner Grafton Group sees profits slip nearly 21% in weaker market conditions

The company said that its Irish businesses — chiefly Woodies and Chadwicks — performed well and outlook for growth 'remains positive'

Along with Woodies and Chadwicks, Grafton Group also owns business operating in the UK, the Netherlands, as well as Finland. 

Woodies and Chadwick’s owner Grafton Group has seen profits decline nearly 21% during the first half of the year following “weaker market conditions” in other territories while its Irish operations performed well.

In its latest financial update, the company said it generated an operating profit of £83.1m (€98.7m) — down from £105.1m (€125.04m) during the same period in 2023. The company’s revenue stood at £1.14bn (€1.36bn) — down from £1.19bn (€1.42bn).