Companies
Woodie’s owner forecasting profits over £200m for 2023
Grafton Group delivered ‘resilient’ first half performance, with full year revenues set to increase to £1.2 billion
Grafton Group, the owners of Woodies DIY and Chadwicks, is forecasting full year profits of more than £200 million for 2023, despite a “challenging” trading environment in the first six months of the year.
In a trading update released on Wednesday the listed building materials company said inflation in the price of building materials had weakened consumer demand for DIY materials, which resulted in a drop in sales volumes.
Despite this, the company said it ...