Profits rise at Marshalls

Paving specialist '‹Marshalls reported a 57 per cent increase in pre-tax profit for the year ended 31 December 2015.
Martyn Coffey CEO of Marshalls plc.Martyn Coffey CEO of Marshalls plc.
Martyn Coffey CEO of Marshalls plc.

Pre-tax profit rose from £22.4m to £35.3m while revenue increased 8 per cent from £358.5m to £386.2m.

The Elland-based company saw improvements in operating margins to 9.7 per cent, up from 7.1 per cent the previous year, due to greater operational gearing.

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Martyn Coffey, chief executive at Marshalls, said: “This has been another good year for Marshalls with significant revenue and profit growth delivered in 2015.

“This has been matched by a strong cash performance resulting in the increased dividend for this year. Trading conditions remain positive and the Group continues to experience positive order intake and sales growth across the business.

“Whilst there remain political and economic uncertainties, the outlook remains good with the CPA’s current forecast for construction output standing at 3.6 per cent growth in 2016 and growth of 4.1 per cent, 4.2 per cent and 4.0 per cent respectively in the following 3 years.

“I am pleased to report that 2016 has started well with order intake up 6 per cent against strong comparators and the Group is well placed to build on the strong momentum generated in 2015 as we continue to see the combined benefits of Marshalls’ operational gearing and the Group’s growth strategy.”

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