Grafton Group’s UK operations, including Buildbase, Selco and Jacksons Building Centres, have reported a 4.8% growth in turnover for the 10 months ended October 31.
The UK business, which accounts for 70% of group turnover, saw average daily like-for-like turnover rise by 4% on a year ago.
But it said economic uncertainty, low consumer confidence and tight lending conditions continued to limit growth in RMI volumes in the UK market.
Selco’s programme of store openings continued in September with a new outlet in Slough.
Grafton, whose Irish merchanting turnover declined by 7.7%, expects full-year operating profits to be about €52-55m.
