Marshalls battles on

Paving specialist Marshalls said that after a positive start to the year, its UK Domestic market is more subdued and market volumes are expected to be lower in the second half of the year against strong comparatives.

The Huddersfield-based company said this weakness will be offset by sales into overseas Domestic markets.

The group said there is continuing strength in its Commercial market to offset the anticipated weakness in Public Sector demand.

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It added that Marshalls’ sales have maintained their positive trend although, at the macro economic level, market uncertainty remains,

The group said that selective investment in new products and new markets continues and this is key to delivering sales growth.

Revenue from continuing operations for the ten months to October 31 increased by seven per cent to £298m.

Sales to the Public Sector and Commercial market, which represent approximately 60 per cent of Marshalls’ sales, were up eight per cent on a like for like basis. Sales to the Domestic market increased by six per cent including sales into overseas Domestic markets.

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The survey of domestic installer order books at the end of October showed 7.8 weeks compared with 7.0 weeks in June 2011.

The 2011 interim dividend of 1.75p per share, announced in August, will be paid in December.

Established in the late 1880s, Marshalls is the UK’s leading manufacturer of superior natural stone and innovative concrete hard landscaping products, supplying the construction, home improvement and landscape markets.

Marshalls operates its own quarries and manufacturing, including a national network of manufacturing and distribution sites throughout the UK.

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