Group revenue at Woodie's and Chadwicks owner Grafton Group increased by 9.1% to to £2.30 billion last year.
That is up from £2.11 the previous year, and up 40% on 2019 revenue of £1.64 billion.
In a trading update, the group said over half of its revenue was generated in Ireland, the Netherlands and Finland.
It said revenue trends continued to be favourable in the distribution businesses in Ireland and the Netherlands supported by good underlying demand and building materials price inflation.
In the UK, it said trading conditions continued to soften in the distribution business although the rate of decline in volumes slowed.
Today's data shows that trading normalised in the DIY, Home and Garden business in Ireland to a level that was marginally down on the previous year.
Grafton Group said Chadwicks' distribution business in Ireland continued to operate at high levels of activity across the branch network supported by good underlying demand in the residential new build and RMI markets which held up well despite the pressure on volumes from building materials price inflation which remained elevated, tight labour markets and higher interest rates.
However, it said there was a small decline in revenue in the Woodie's DIY, Home and Garden business here.
It said this reflected weaker demand for seasonal categories, as exceptional pandemic related gains fully reversed.
"It is pleasing to note that despite mixed macroeconomic and market conditions, we expect full year operating profit to be slightly ahead of the top end Analysts' forecasts for 2022," said Eric Born, Chief Executive Officer of Grafton Group.
"We look to the future with confidence supported by our market leading businesses and very strong financial position," he added.
