Companies

Woodies and Chadwicks parent Grafton Group ‘on track’ despite weaker trading

Chief executive Eric Born said that a strong focus on cost management had mitigated the impacts of lower trading

Overall group demand was more subdued in the four months to the end of October leading to a marginal decline

Woodies DIY-owner Grafton Group has said it expects to meet forecasted profits for the year, reporting 1.7 per cent revenue jump to £1.96 billion for the ten months to October.

Eric Born, chief executive of of the group, said: "Despite more challenging markets in recent months, we expect group operating profit for the year to be in line with expectations. Our strong focus on cost management mitigated some of the impacts of weaker trading and ...