Ferguson : Results overshadowed by adverse trends in the UK
>Earnings in line with expectations - Earnings in line with consensus forecasts Operating profit came to $ 1,507m (vs $ 1,470m for the consensus and $ 1,449m for Oddo-BHF). Like-for-like growth was 8.1% in Q4 after 7.1% in Q3 and beat the consensus forecast of 7.0%. In the US, growth was 11.4%, slightly higher than the 10.6% in Q3. The dividend has increased by 21% to 189.3°cents versus the consensus forecast of 162°cents (the dividend was rebased by 10%). Net debt st...Ferguson Plc, formerly Wolseley plc, is a Switzerland-based holding company. The Company is engaged in the distribution of plumbing and heating products and building materials. The Company's segments include USA, UK, Nordics, and Canada and Central Europe. The Company operates seven business units in the United States, six of these mainly operate in the business to business (B2B) market with one operating in the business to consumer (B2C) market. The Company, through Wolseley UK, operates approximately three businesses in the B2B market and has over 737 branches covering the whole country. The Nordic region consists of five businesses that operate a total of approximately 256 branches across over four countries, supported by approximately five distribution centers. The Company's businesses serve residential repair, maintenance and improvement (RMI) and new construction markets. Ferguson Enterprises, Inc (Ferguson) is the Company's primary brand in the USA segment.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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