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Woodie's owner reports decline in revenue due to Covid impact

GRAFTON Group says its revenues fell by more than six percent last year due to the Spring Covid lockdown, despite a strong performance from its Woodie’s and Chadwicks stores. ....

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Covid lockdowns hit profits and sales at Woodie's owner Grafton

GRAFTON Group says its revenues fell by more than six percent last year due to the Spring Covid lockdown, despite a strong performance from its Woodie’s and Chadwicks stores.
Revenue at the Woodie’s DIY business in Ireland rose 17pc, thanks to increased sales as people worked from home. At the other end of the scale Grafton reported a 25pc decline in sales in its manufacturing division.
Grafton finished the year strongly with trading in the two months to December 31 “ahead of expectations” as the group saw its average daily like-for-like revenue up by 7.2pc year-on-year and total revenue ahead by 10.8pc to £439.4m (€487.5m). ....

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Chadwicks knocks on Proline Architectural Hardware's door

It is an opening that could attract knockers, but Chadwicks, the largest builders’ provider in Ireland, has moved to buy Proline Architectural Hardware, a supplier of door furnishings to the trade.The ....

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Grafton Acquires Door Products Maker Proline Architectural Hardware

Grafton Acquires Door Products Maker Proline Architectural Hardware
Tue, 22nd Dec 2020 09:06
(Alliance News) - Building materials firm Grafton Group PLC on Tuesday announced its acquisition of Proline Architectural Hardware, a distributor of architectural ironmongery products for doors, for an undisclosed sum.
For 2019, Dublin-based Proline reported revenue of EUR10.8 million. The acquisition is conditional on approval from the Competition & Consumer Protection Commission in Ireland.
Proline supplies products for doors, including door locks, hinges and handles.
Proline will bring specialist expertise to Grafton in the architectural ironmongery distribution segment in Ireland. It will also enable us to offer a broader range of products and services and to extend our customer base in this segment of the market. The acquisition of Proline is in line with our strategy of acquiring specialist high quality businesses that trade in complementary markets, said Chief ....

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FTSE 100 Modestly Higher In Cautious Trade

FTSE 100 Modestly Higher In Cautious Trade
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - U.K. stocks eked out modest gains in cautious trade on Tuesday after official data showed the U.K. economy rebounded at a faster than estimated pace in the third quarter, reflecting the effects of the easing of lockdown restrictions and also some recovery of activity from the steep contraction in April.
Gross domestic product grew by a record 16 percent sequentially instead of 15.5 percent expansion estimated previously. GDP had fallen by revised 18.8 percent in the second quarter.
Although this reflects some recovery of activity following the record contraction in the second quarter, GDP was 8.6 percent below where it was at the end of 2019. The annual fall in GDP was revised to 8.6 percent from 9.6 percent in the third quarter. ....

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