Marshalls Set To Beat Its Expectations As Trading Remains Solid

LONDON (Alliance News) - Block paving manufacturer Marshalls PLC on Thursday upgraded its expectations for 2015 following strong trading in the fourth quarter.

The FTSE 250-listed company said its revenue for the eleven months to the end of November rose 8.0% year-on-year to GBP365.0 million, despite tough comparatives for the year before. The group has seen continued strong order intake and good sales growth, while order momentum remains positive.

Marshalls said public sector and commercial market sales rose 11% in the period, driven by strong end-market conditions, while sales to domestic markets rose 3.0%.

Due to its robust growth through the year, the company now expects its 2015 results to come in ahead of its previous forecasts and said it remains well-positioned for both organic and acquisition-driven growth.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

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