Wolseley group still experiencing an upward trend

Turnover and results of the Wolseley group continued to improve in the first half of the 2011/2012 financial year after growth had been recorded for the first time for a considerable period in the preceding financial year. The group’s total turnover increased by 3% between August 2011 and January 2012 to £6.841bn; like-for-like a rise of 5% was recorded. One reason for the more significant increase in the like-for-like turnover is the conclusion of a number of sizeable divestments in the period covered by the report.