Grafton Group remains on track for operating profit of €300 million

The company, which owns the Woodie’s DIY chain, also announced a share buyback of up to £100 million

Gavin Slark, outgoing chief executive of Grafton Group

Grafton Group has said it remains on track to deliver full year adjusted operating profit of around £266 million (€302 million) for 2022.

This is consistent with current consensus analysts’ forecasts, according to a trading update from the DIY and builders merchanting group.

The Woodie’s and Chadwick’s parent company, said group revenue from continuing operations, which excludes the traditional merchanting business in Britain divested at the end of last year, increased by 9.5 per cent ...