Will I have to work shifts? usa medical supply Elsewhere, in Wolseley's core markets in the UK and Europe, trading is more muted. Although the outlook in the UK is starting to improve, volumes of plumbing orders remain depressed. The outlook is still difficult across mainland Europe, with building permits, a key indicator of demand, remaining weak in France and Denmark. Analysts expect that full-year revenue will be £13.1bn, giving pre-tax profits of £663m. After a strong run, Wolseley shares now trade on a PE ratio of 18 times forecast earnings.