Strong Six Months for Grafton

Grafton Group reported operating profit of €86 million in the six months to 30th June, an increase of 16% year-on-year, in their six-month report. The company that said strong performance was driven by organic growth in the Irish merchanting, Woodie’s DIY and mortar manufacturing businesses.

We looked at one of their new style stores in Dublin, Chadwicks Express on East Wall Road (there is another one located in Turvey, north Co. Dublin) in the heart of Dublin’s Docklands and in the middle of a hive of commercial construction activity, to see whether they have hit on a gold mine.

Opened in March 2017, and trading on a core range of 1,500 SKUs, the store is a significantly smaller site than a traditional builders merchant and carries on a brisk trade with neighbouring advanced construction work at Spencer Dock, Grand Canal Dock and Dublin Port providing ready-made footfall.