Grafton's tough tactics pay off

DIY and builder's merchant group Grafton's lean approach during the downturn is beginning to yield results, according to a market analyst at Davy Stockbrokers.

10th March, 2013

DIY and builder's merchant group Grafton's lean approach during the downturn is beginning to yield results, according to Florence O'Donoghue, a market analyst at Davy Stockbrokers.

Shares in the group closed at €4.83 on Friday, a day after the company reported 2012 profits had trebled to €33 million on the back of increased sales and lower costs.

"Grafton took as lean an approach as possible," said O'Donoghue. "They didn't start closing stores, but took the view...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

The year in review

Newsround: What Thursday’s papers say