Wolseley plc (WOS.L) in its Interim Management Statement said for the three months ended 31 October 2009, market trends and trading performance remain in line with management expectations set out in the full year results announcement in September.
Group revenue in the three months ended 31 October 2009 was £3,395 million, down 13% from the corresponding period in the prior year.
Trading profit declined 41% to £104 million reflecting lower profitability in Ferguson due to the further decline in the Commercial and Industrial market. On a constant currency basis revenue declined by 20% and trading profit was 46% lower than the corresponding period in the prior year.
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