Companies
Grafton Group reports further fall in profits
Pre-tax profits at the Woodie’s-parent firm sank by 27 per cent last year amid ‘challenging marketing conditions’
Operating profits at Grafton Group declined 30.7 per cent to £183 million in 2023, with the company citing “challenging market conditions” in its full-year results.
The Irish DIY company reported £2.32 billion in turnover, a slight (0.8 per cent) increase on 2023.
However, pre-tax profit also plummeted, from more than £250 million in 2023 to £183.1 million last year, as the firm’s overall profitability pulled back in the 12 month period.
In a statement, Grafton ...