Wolseley

Article Abstract:

Wolseley improved its performance in the second half of its 1995 to 1996 FY but the company faces difficult markets. Underlying sales rose by 7% in the 2nd half, up from 2% in the first half of this FY. French and Austrain markets are falt and the UK is not likely to show a recovery until 1997. US demand is stronger but results have been affected by unstable prices for lumber. The company has continued to invest in expansion and much of this has been from cash flow. The company's profit is forecast to rise by a tenth reaching 268 million pounds sterling in 1997, according to Williams de Broe.

Plumbing and Heating, Except Electric, Plumbing & Heating Equip, Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing, Wolseley PLC

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DIY acquisition growth

Article Abstract:

Aquarius supplies home improvement products and has performed well in terms of profits since its stock flotation in 1996, though the company's stock price has not reflected this strong performance. The company has five subsidiaries supplying department stores and other outlets, and private label goods account for as much as 67% of sales. The company faced a difficult market in 2nd half 1998, but conditions are forecast to improve toward the end of 1999. A profit of 7.35 million pounds is forecast for 1999 by Charterhouse Tilney.

Aquarius Production Co.

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Raising its sights

Article Abstract:

Hewetson is a building materials producer which has undergone a rapid recovery in the two years to 1998. The company has focused on production and higher margin areas, moving out of distribution. Hewtson ranks first in the United Kingdom market for raised access floors, with a stake of some half of the market. The market itself is growing rapidly and this growth is likely to continue. The company could achieve a profit of five million pounds sterling for 1998 to 1999.

Hewetson PLC

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