Successful cost-cutting drives 10% surge in Wolseley shares

05 Oct 2009 | Filed under: Cost reduction

As reported at morningstar.co.uk (28Sep09), plumbing supplies group Wolseley revealed exceptionally strong cash-flow in their latest results. Despite the difficult market, they were able to reduce debt to less than 40% of the previous year’s level. Successful cost reduction measures have played a major part in their performance, with the actual benefits of this for the year being 20% greater than originally forecast at £233M.

Auditel provides a free business health check to identify cost reduction opportunities for charities, businesses, schools, accountants and other organisations. Any Managing Director or Finance Director looking to improve the profitability or cash flow of their business should contact us for impartial advice.

Industry Tags: Add new tag, cash flow, Cost reduction, profitability, Wolseley

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