Wolseley is the world’s number one distributor of heating and plumbing products to the professional market and a leading supplier of building materials.
It has been a particularly demanding year for Wolseley. While the short term outlook for the markets continues to be uncertain, our objective remains to ensure the appropriate sizing of our cost base and an unrelenting drive for cash flow generation. In doing so Wolseley will emerge from this economic cycle, leaner and fitter for the future.
| Change | ||||
|---|---|---|---|---|
| Year to 31 July 2008 £m |
Year to 31 July 2007 £m |
Reported % |
In constant currency1 % |
|
| Group revenue | 16.549 | 16,221 | 2.0 | 00 |
| Group trading profit2 | 683 | 877 | ( 22.1 ) | ( 23.7 ) |
| Exceptional restructuring costs | ( 76 ) | – | ||
| Amortisation and impairment of acquired intangibles | ( 306 ) | ( 124 ) | ||
| Group operating profit | 301 | 753 | ( 60.1 ) | ( 60.8 ) |
| Group profit before tax, before exceptional items and amortisation and impairment of acquired intangibles | 527 | 758 | ( 30.5 ) | ( 31.4 ) |
| Group profit before tax | 145 | 634 | ( 77.1 ) | ( 77.3 ) |
| Earnings per share, before exceptional items and amortisation and impairment of acquired intangibles | 56.58p | 87.80p | ( 35.6 ) | ( 36.6 ) |
| Basic earnings per share | 11.33p | 73.52p | ( 84.6 ) | ( 84.8 ) |
| Total dividends per share ( interim paid, no final proposed ) | 11.25p | 32.40p | ( 65.3 ) | |
- 1 Constant currency percentage changes are calculated by retranslating prior year amounts at the exchange rates used in the preparation of the financial statements for the year ended 31 July 2008.
- 2 Trading profit, a term used throughout this report, is defined as operating profit before exceptional items and amortisation and impairment of acquired intangibles. Trading margin is the ratio of trading profit to revenues expressed as a percentage.
Wolseley's final results for the year ended 31 July 2008 - video interviews with Chip Hornsby,
CEO and Steve
Webster, CFO
Geographically
Find out more details about our company’s locations on wolseley.com