Grafton sales show modest growth

Irish builders and plumbers merchant chain Grafton Group has announced year-end sales that were modestly above the level achieved a year previously.

A trading update for the year to December 31 2010 showed group turnover up to €2.00bn compared to the €1.98bn achieved in 2009. Sales in the second half were €1.02bn, up 3%on the same period in 2009. However, sales did suffer from the bad weather in late November and December.

Group merchanting turnover saw an increase of 3% in the year. UK merchanting sales were up 7% on the €1.32 billion achieved in 2009.

Although Irish merchanting sales have been falling, the rate of the slow-down was less in the second half – down 7% – than it had been in the first half – down 16%.

About Fiona Russell-Horne

Group Managing Editor across the BMJ portfolio.

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