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Stronger US revenues help offset weak Eurozone demand for Wolseley

4th December 2012

Wolseley chief executive Ian Meakins

Wolseley chief executive Ian Meakins

STRONGER first quarter sales in the US and Canada have compensated weakened domestic and Eurozone demand for Midland-based plumbing and heating group Wolseley.The Leamington Spa group said the period saw it generate revenue of £3,325m, 2.1% up on the same quarter last year, while trading profit was up 7.6% to £198m (2011: £52.3m).  Continued strong cash generation helped to reduce debt levels to £87m (2011: £523m).The group’s US region saw revenue growth of 7.1%, while in Canada there was a ......for the full story register now for free or login below...

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