22nd Jan 2015 07:00
NEWS RELEASE
22 January 2015
Wolseley plc France Building Materials |
The Group continues to apply disciplined resource allocation principles to all of its businesses and has decided to explore exit options for its remaining building materials business in France. In the year ended 31 July 2014 this business generated revenue and trading profit of £577 million and£7 million respectively and had net assets of approximately £130 million.
For further information please contactWolseley plc
John Martin, Chief Financial Officer | Tel: +41 (0) 41 723 2230 |
Mark Fearon, Director of Corporate Communications and IR | Mobile: +44 (0) 7711 875070 |
Brunswick (Media Enquiries)Michael Harrison, Nina Coad |
Tel: +44 (0)20 7404 5959 |
Notes to announcement
Wolseley plc is the world's largest specialist trade distributor of plumbing and heating products to professional contractors and a leading supplier of building materials in North America, the UK and Continental Europe. Group revenue for the year ended 31 July 2014 was £12,773 million and trading profit was £761 million. Wolseley has approximately 40,000 employees and is listed on the London Stock Exchange (LSE: WOS) and is in the FTSE 100 index of listed companies. For more information, please visit www.wolseley.com or follow us on Twitter https://twitter.com/wolseleyplc.
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