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UK

A leading trade distributor operating in the large and fragmented UK plumbing, heating and infrastructure markets. In September 2019, we announced our intention to demerge the UK operations subject to shareholder approval.

Business profile

The UK principally operates under the Wolseley brand serving the trade market through 551 branches and four distribution centres. Branches provide same-day and next-day product availability, a key service offering to our customers. The UK business mainly serves RMI markets, and has relatively low exposure to the new residential construction market. At the year‑end, Wolseley had over 5,000 associates.

2

Business units

551

Branches

5,000

Associates (approximately)

Business units and market position

Blended Branches is the largest business within the UK, generating 82 per cent of the revenue. This business provides plumbing and heating products, air conditioning and refrigeration products and the associated pipes, valves and fittings to customers in the residential and commercial sectors. It also provides specialist above ground drainage products. Wolseley is the second largest merchant distributor in the UK.

Infrastructure is a specialist in below ground drainage serving the civil infrastructure and utilities markets. The business is estimated to have a market share of about 20 per cent.

Key brands

Performance

£1,725m

Revenue 10% of group

£54m

Trading profit

3.1%

Trading margin

Five year performance (£m)

Ongoing revenue

Ongoing trading profit

Quarterly like-for-like revenue growth (%)