France Building Materials Business

RNS Number : 8155C

Wolseley PLC

22 January 2015

 



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 contact

Wolseley plc

John Martin, Chief Financial Officer	Tel:       [phone]
Mark Fearon, Director of Corporate Communications and IR	Mobile: [phone]
Brunswick (Media Enquiries) Michael Harrison, Nina Coad	Tel:       [phone]

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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