Marshalls encouraged by Olympic prospects

HUDDERSFIELD-based building materials and landscaping firm Marshalls today said it was encouraged by signs of increased demand linked to the 2012 London Olympics.

Marshalls' headline revenue for the four months ended April 30 2010 was in line with expectations at 103m, despite January's snow.

Like for like sales were very similar to last year as were the proportions of sales to the public sector and commercial and domestic end markets.

Hide Ad
Hide Ad

Marshalls has announced a number of board changes which will take place immediately following the annual general meeting on May 12 2010. Mike Davies and Richard Scholes will be stepping down from the board of directors and two new independent non-executive Directors, Alan Coppin and Mark Edwards, will join the board.

Andrew Allner, who has been a board member since July 2003, will become chairman of Marshalls.

Commenting on outlook, the company said: "During the last two years Marshalls has built additional financial and operating flexibility into the business and is well placed to respond to changing market conditions and to benefit from any improvement in market demand.

"Marshalls continues to invest selectively in new products to build on its strong brand and market leading position.

Hide Ad
Hide Ad

"Marshalls remains cautious about the short term outlook, but is encouraged by the positive impact of increasing Olympic demand and the recent commencement of previously delayed commercial contracts."

Related topics: