Profit falls at Woodie's owner Grafton despite 'strong performance' in Irish market

Grafton Group said Woodie's continued to maintain strong market share across its product categories despite rising competition

Despite its strong performance in Ireland, continued declines in its UK business saw the group's adjusted operating profit decline by almost 14% to £177.5m (€211m).

Woodie's owner Grafton saw earnings fall last year, with the building materials retailer reporting revenue of £2.28bn (€2.73bn), marking a decline of 1.6% annually.

However, Woodie’s DIY, Home and Garden retail business delivered a “strong” performance in the year, supported by the growth of the Irish economy and its customer proposition.