Grafton Group has reported higher revenues for the first half of the year and confirmed it is maintaining its full-year operating profit guidance of £190 million to £200 million.
The update signals continued strength across its portfolio of brands, including Woodie’s DIY, Chadwicks, HSS Hire Ireland, and Cygnum.
The trading update suggests that demand for building materials and hire services remains robust, allowing the group to offset broader economic headwinds.
By keeping its profit outlook unchanged, management is signaling confidence in its ability to deliver on its financial targets for the full year.
This resilience comes as other companies in the sector face mounting pressure.
Growthpoint Properties, for instance, recently acknowledged a more challenging operating environment across its geographies, even as it maintained its own guidance.