Full Year 2023 Grafton Group PLC Earnings Call Transcript
Welcome to the Grafton Group Full Year Result Presentation. Here we have the pleasure today, with me, Eric Bolton, CEO; and David Arnold, our CFO. So I will first give an introduction about some operational and financial highlights before handing over to David to guide you through the details of the financial results.
In terms of operational highlights, we had a solid trading performance in what I will call challenging market conditions in all our markets, actually; resilient performance in distribution despite lower volumes; a very strong trading performance in DIY retails with Woodie's, as the Irish consumer confidence recovered; and the higher operating profitability in our manufacturing segment despite lower volumes.
We strengthened our market positions through new branch openings and bolt-on acquisitions, so we could keep on investing in our market position also in the downturn of the cycle, so we opened seven more branches. We opened two in the UK, Selco in Peterborough, and Leyland in Hammersmith. We opened one
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