BUILDERS MERCHANTS: A-Z GRAFTON l HALDANE GROUP G Grafton
GRAFTON THE NUMBERS
2018 Turnover £m Gross profit £m
Operating profit £k Net profit £k Staff
THE RATIOS 2018 Stockturn Gross margin %
Operating margin % Net margin % Sales/head £k Profit/head £
Return on capital % BMJ INDEX
5.6
26.1 1.7 2.9
195
7,066 12.5
2019 7.8
25.3 1.3 1.7
235
6,441 7.1
2020 7.0
25.1 0.3
(0.1) 237
1,739 (0.5) (34)
IN JULY 2021, Grafton announced the sale of its Traditional Merchanting Brands, namely, Buildbase, Civils & Lintels, PDM Buildbase, The Timber Group, Bathroom Distribution Group, Frontline and NDI brands to Huws Gray. The figures quoted above, therefore, include these brands. In the year to 31 December 2020, the Traditional Merchanting Business reported revenue of £828.2 million (2019: £1.02 billion) and adjusted operating profit of £18.8 million (2019: £33.3 million).
920.5 239.9
33,416 26,307 4,729
2019
932.9 236.1
25,595 15,413 3,974
2020
768.9 193.2 5,639 (969) 3,242
GRAFTON
% CHANGE 2019 1
(2)
(23) (41) (16)
2020 (18) (18) (78)
(106) (18)
% CHANGE 2019 40 (3)
(23) (42) 21 (9)
(44)
2020 (10) (1)
(78)
(108) 1
(73) (107)
Heron House Corrig Road Sandyford Business Park Dublin 18 D18 Y2X6
+353 (0) 1 216 0600
www.graftonplc.com
Subsidiaries (UK distribution): Doorways, Leyland SDM, McBlair, Selco, TG Lyne, Watershed
further investment capacity for growth
The group posted a 25% increase in revenue and a 68% increase in operating profit for the year ended 31 December 2021. Revenue across the group was £2.1bn, with operating profits at £288.0m restated.
At the time, CEO Gavin Slark said: “The divestment secures future opportunities for all stakeholders as part of an enlarged general merchanting business. I would like to thank all our colleagues in the Business for their longstanding contribution to Grafton and wish them every success in the future. This is an attractive outcome for Grafton and is in line with our strategy of deploying our capital resources towards higher growth potential businesses offering superior returns.” The sale gives the group
H Haldane Group
THE HALDANE GROUP is made up of Haldane Sheills, Haldane Fisher NI, Haldane Fisher Isle of Man, Haldane Fisher UK and GE Robinson in North West England. The business has grown organic- ally and through acquisition since it was founded by Bob Haldane in 1946,
Predominantly a chain of build- ers and plumbers merchants, it suppllies a huge range of products from building materi- als to plumbing and heating, home improvement products to internal finish such as kitchens, bathrooms, doors and floors. The Group imports timber and timber products, and is a leading
24 HALDANE GROUP
Shepherds Way Carnbane Industrial Estate Newry
Co.Down BT35 6QQ
www.haldane-fisher.com Tel:
Subsidiaries: 3 Branches: 17 Employees: 541
CEO / Chairman: Ian Haldane Managing Director David Haldane
Members of: BMF, NMBS Fortis
manufacturer of machined timber as well as engineered roofing and flooring solutions in Ireland.
HALDANE SHIELLS THE NUMBERS
2018 Turnover £m Gross profit £m
Operating profit £k Net profit £k Staff
THE RATIOS 2018 Stockturn Gross margin %
Operating margin % Net margin % Sales/head £k Profit/head £
Return on capital % BMJ INDEX
6.2
27.3 4.1 3.9
200
8,214 13.5
2019 6.2
28.3 3.9 3.7
208
8,045 12.2
2020 6.2
30.6 5.6 5.4
203
11,329 19.1 43
127.7 34.8
5,249 5,006 639
2019
130.6 37.0
5,052 4,821 628
2020
132.3 40.5
7,398 7,127 653
% CHANGE 2019 2 6
(4) (4) (2)
% CHANGE 2019 0 4
(6) (6) 4
(2) (10)
2020 1
10 46 48 4
2020 0 8
45 46 (3) 41 56
The 2021 results were slightly ahead of expectations, and included record contributions from Woodie’s, the Irish DIY retailer, and Selco, as well as strong gains by the Chadwicks and Isero brandand there was also a good contribution from the StairBox acquisition.
Selco opened three new branches during the year, increasing the estate to 72 and the target is to increase the branch estate to 100 by 2026. Slark said: “2021 saw record profits, a step change to higher
Branches: 127 Employees: c 3800 CEO: Gavin Slark CFO: David Arnold
Members of: BMF
returning businesses following the divestment of our Traditional Merchanting business, exposure to a new growth platform in the Nordics and increased focus on digital and sustainability opportunities.
“Our people have been a key differentiator in delivering safe and superior customer outcomes throughout the pandemic and in mitigating supply chain challenges at a time of resilient demand in the broader repair, maintenance and improvement and DIY segments in our markets. Trading year to date has been encouraging and the outlook for 2022 is positive”
TRAILBLAZERS
A supplement to builders merchants journal April 2022
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