Marshalls ‘well-placed for growth’

In the half year ended June 30, revenue rose by 11 per cent to £199.1m, while profit before tax rose 48 per cent to £20.8m.

The business, which is based in Elland, West Yorkshire, said it planned to continue to develop and invest in its strategic growth initiatives, including water management, street furniture, rail and new build housing.

Commenting on these results, Martyn Coffey, the chief executive, said: “The group is well positioned to grow organically and selectively through acquisitions. We will continue to focus on growth initiatives during the remainder of 2015 and in 2016. The Construction Products Association supports this view of growth and its Summer forecast predicts growth in UK market volumes of 4.9 per cent in 2015 and 4.2 per cent in 2016.

“In order to drive growth, the group continues to develop the Marshalls brand and invest in product innovation and service delivery initiatives to deliver improved trading margins and increased return on capital employed.”