Woodies-owner sees revenue rise over 10% bolstered by acquisitions

Trading in Ireland during the final two months reflected continued momentum in Woodie’s after a strong Christmas. This was partly offset by weaker trading in Chadwicks, largely due to the timing of jobsite shutdowns over the holiday period. 

Revenue at Chadwicks and Woodies owner Grafton Group increased by 10.4% during 2025 to £2.52bn (€2.9bn) bolstered by the positive impacts of two recent acquisitions, the company said.

The results include revenue from the specialist Spanish HVAC distributor, Salvador Escoda, which was acquired at the end of October 2024, as well as seven months of trading following the acquisition of HSS Hire Ireland.

Group average daily like-for-like revenue for the year was 1.7% higher than prior year but flat year-on-year during the last two months of the year. The company said the flat revenue group between November and December reflects continuing easing of activity in the second half of the year.

A “robust performance in Iberia” along with modest growth in the Island of Ireland was fully offset by weaker trading in Northern Europe and Britain during the last two months of the year.

Over the course of the year, revenue growth from the company’s businesses on the island of Ireland increased by 3.5%. However, it dropped to 0.6% between November and December.

“Trading in the final two months reflected continued momentum in Woodie’s after another strong Christmas campaign. This was partly offset by weaker trading in Chadwicks, largely due to the timing of jobsite shutdowns over the holiday period,” the company said.

The Grafton Group said it delivered a full year trading performance in line with expectations despite weak market conditions outside of Ireland and Iberia as well as “the pressure of continued cost headwinds across all markets”.

“Whilst the Island of Ireland and Iberia segments performed strongly, meaningful recovery in Great Britain and Northern Europe did not materialise in 2025, and the timing of any improvement in these two segments in the year ahead remains uncertain,” the company said.

The company added that its outlook “remains favourable”.

Chief executive of Grafton Group Eric Born said “continuing strong performances and market opportunities in Ireland and Iberia, together with market recovery opportunities in Great Britain and Northern Europe leaves Grafton well placed to benefit significantly as conditions normalise”.

The company will post its complete full year results on March 5, 2026.