2003
Development Update
Released: 02/07/2003 Grafton Group plc is pleased to announce that the Jackson Building Centres' acquisition completed by the Group on 3 March 2003 is achieving good like for like sales growth. Jackson's trading performance and profitability are ahead of initial expectations. In addition, the Group has completed the acquisition of three single branch merchanting businesses and opened seven greenfield merchanting branches to date this year in the U.K. EuroMix, the Group's silo mortar division, commenced production and sales from its sixth plant in Harlow, Essex. Woodies DIY is actively progressing the opening of five new stores in Ireland with two likely to open before Christmas 2003. Group profits in the first half of 2003 are expected to be slightly ahead of market forecasts. Ends Equiries: Michael Chadwick Colm ó Nualláin Joe Murray Ginny Pulbrook |
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