Paving firm Marshalls sees revenue growth improve

Paving specialist Marshalls said revenue growth has progressively improved and sales in the most recent months were ahead of the comparative figures for 2019.
Marshalls provided the paving around York Minster.Marshalls provided the paving around York Minster.
Marshalls provided the paving around York Minster.

Key drivers continue to be strong demand in the domestic end market, a return to more normal levels of trading in the public sector and commercial end market and continued strong growth in the international market.

The Elland-based firm saw revenue for the year ended December 31, 2020, drop from £542m in 2018 to £469m.

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Sales to the domestic end market were up 9 per cent in the six months ended December 31, 2020, compared to the same period last year.

The survey of domestic installers at the end of October 2020 showed a strong order book of 12.8 weeks, up from 10.9 weeks the previous year.

Sales in the public sector and commercial end market for the six months ended December 31, 2020, were 6 per cent down compared with 2019. In comparison, during the first six months of the year sales were down 28 per cent.

The level of commercial orders in the fourth quarter exceeded the prior year, Marshalls said. It added that it was continuing to target those parts of the market where it anticipates higher levels of growth including infrastructure projects in road, rail and water management.

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Sales in the international business for the six months ended December 31, 2020, increased by 18 per cent compared with the same period the previous year.

The Elland-based firm confirmed its intention to re-instate dividend payments.

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