Construction News

07/01/2011

Grafton Group Announce Rise In Profits

Grafton Group, the builders merchants and DIY group with operations in the UK and Ireland, announced an increase in sales for the year ended 31 December 2010.

After a reduction in sales in the first quarter the following three quarters each showed modest growth. Group turnover to the end of December 2010 was €2 billion compared to the €1.98 billion achieved in 2009.

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Group merchanting turnover continued to improve with an increase of 3 per cent in the year. UK merchanting sales were up 7 per cent on the €1.32 billion achieved in 2009.

Grafton has reached outline agreement with Travis Perkins, subject to formal OFT approval, to acquire 10 of their plumbing and heating branches in England and Wales. Nine of these currently trade as PTS and the other as City Plumbing Supplies.

(CD)

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