Grafton Group increases profit forecast for year in spite of supply chain pressures
Owner of the Woodie’s DIY brand in Ireland now expects to post operating profit of £265m-£270m
Owner of the Woodie’s DIY brand in Ireland now expects to post operating profit of £265m-£270m
Full-year operating profit to be between 15 and 20 per cent ahead of consensus forecasts
Move may or may not result in the sale of some or all of businesses, group says
Pent-up demand for paint and plants saw revenue for two-week period last month ‘comfortably’ exceed Woodie’s sales for the full month of May in 2019
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Increase in housing helps DIY stores report double-digit growth in operating profit
Grafton Group has reported strong growth in a trading update for the year just ended
Grafton Group chief executive Gavin Slark says ‘massive spikes’ were not sustainable
Woodie’s DIY owner issuing 10 and 12 year bonds with 2.5% yield
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Acquired firm is London’s largest independent specialist decorators’ merchant
Woodie’s owner said pace of growth in Irish merchanting business ‘moderated a little’
Total like-for-like sales increased by 5.9% in the second quarter, up from 5.5%
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