| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

 Irish Economy
 EU Economy
 US Economy
 UK Economy
 Global Economy
 Asia Economy


How to use our RSS feed

Web Finfacts

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management system.


Finfacts is Ireland's leading business information site and you are in its business news section.

We provide access to live business television and business related videos from: Bloomberg TV; The Wall Street Journal; CNBC and the Financial Times. Click image:


Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Irish Economy

Global Income Per Capita

Global Cost of Living

Irish Tax 2008

Climate Change Reports

Global News

Bloomberg News

CNN Money

Cnet Tech News


Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News




Content Management by interactivetools.com.

News : Irish Last Updated: Nov 10, 2009 - 7:29:46 AM

Grafton Group says 2009 turnover to the end of October was down 28%
By Finfacts Team
Nov 10, 2009 - 7:23:41 AM

Email this article
 Printer friendly page

Grafton Group plc, the builders merchants and DIY group with operations in the UK and Ireland, said today in a trading update, that group turnover to the end of October was €1.686 billion - - down €661 million or 28 per cent on the €2.347 billion in the same period last year.

Like for like sales per working day in the Group’s UK businesses in October were down 4 per cent on a constant currency basis compared to minus 18 per cent in the first half. In Ireland, like for like sales per working day in October were down 30 per cent compared to minus 37 per cent for the six months to 30th June 2009.

Quarterly turnover across the Group was €470 million in quarter one, €520 million in quarter two and €522 million in quarter three. Group turnover for the month of October was €174 million.

In the period to the end of October, in constant currency terms group merchanting turnover was down 21 per cent compared to 24 per cent at the half year, DIY turnover was down 19 per cent compared to 18 per cent at the half year and manufacturing was down 45 per cent compared to 49 per cent at half year.

Grafton says leading macroeconomic indicators in the sector in the UK (increases in; housing starts, housing transactions, mortgage lending and house prices) continue to improve. Volumes have increased in dry mortar sales which are mainly exposed to the new housing sector. Increases in activity should be reflected in improving trading levels in Grafton’s UK merchanting business during 2010.

The group says extensive rationalisation and integration programme is well advanced and the benefit of cost reductions is being reflected across the business, which is cash generative.

Net debt levels continue to be reduced. Grafton says it maintains a comprehensive business franchise in its core markets with strong competitive operating units and a conservatively managed securely funded balance sheet with good liquidity. It says it remains well positioned to capitalise on upturns in activity in its markets"as they emerge."

Related Articles
Related Articles

© Copyright 2009 by Finfacts.com

Top of Page

Latest Headlines
Ryanair revises up full-year profit guidance
AIB bank profitable in third quarter
Ryanair announces half-year profits up 32% to €795m
Ryanair benefits from improved customer service
Ryanair to buy 100 new Boeing 737 MAX 200
Finfacts server migration Thursday
State-owned Allied Irish Banks reports H1 2014 profit as bad loan charges plunge
Ryanair reports profit in its financial first quarter soared 152%
UK firm opens van dealership in Dublin
Ryanair reports 8% fall in full-year profit; US services to commence in 2019
Global Financial Centres Index: New York overtakes London; Dublin slips to 66 of 83 cities
Bank of Ireland reports “significant” improvement in 2013 results
Sale process of IBRC UK projects Rock and Salt completed
CRH says 2014 will be year of profit growth after reporting 2013 loss
Ryanair reports third-quarter loss
Irish Water says it saved €100m in setup costs
RSA Insurance fires two Irish executives for large loss/ accounting irregularities
Bank of Ireland will have to raise provisions by €1.4bn; AIB says it's "well capitalised"
CRH reports slightly improved third quarter
Central Bank says ownership of Newbridge Credit Union transferred to permanent tsb
Ryanair reports H1 profits rose by 1% to €602m
Dublin Web Summit: Irish Stock Exchange and NASDAQ OMX announce dual listing plan
Irish pension managed funds returned to growth during September
Dan O’Brien resigns as economics editor of The Irish Times
Central Bank says no action required on Anglo tapes revelations
Ryanair flew 9m passengers and Aer Lingus carried 1.1m in August
UK Competition Commission says Ryanair must cut Aer Lingus stake to 5%
CRH reports H1 2013 revenue dip and loss
Vodafone refunded UK after discovery of Irish tax haven deal
RBS reports half year profit; Ulster Bank posts reduced loss
Bank of Ireland cuts pretax losses in HI 2013 to €504m
Irish State-owned Allied Irish Banks reports losses of €758m in H1 2013
Service Announcement
Irish managed pension funds declined in June
VHI reports 2012 surplus of €54.3m; Health insurance made loss
Ex- Elan director says management / board "not competent to run a business"
Aer Lingus to put €140m in employees pensions fund; Ryanair apoplectic
Wednesday Newspaper Review - Irish Business News and International Stories - - May 22, 2013
Tuesday Newspaper Review - Irish Business News and International Stories - - May 21, 2013
Ryanair, Europe’s biggest low cost carrier, announced Monday record annual profits of €569m - - up 13%