Marshalls trading in line with hopes but sales stall at start of year

(Alliance News) - Marshalls PLC on Wednesday backed full-year guidance despite "continued end-market uncertainty" as it reported flat sales at the start of 2026.

The Yorkshire, England-based maker of hard landscaping products said trading was in line with expectations for the four months ended April 30 with revenue at GBP205 million, down slightly from GBP207 million the year prior.

Landscaping Products continued to make "encouraging" operational and commercial progress with volumes in line with expectations and continued market share gains in subdued end markets, Marshalls said.

Revenue in its Landscaping Products and Building Products divisions was flat, while sales dropped 3.1% year-on-year in Roofing Products.

The FTSE 250-listing highlighted "continued end-market uncertainty" but said expectations for the full year remain unchanged.

Marshalls said its "UK-centric" manufacturing network limits direct exposure to international freight disruption from the Middle East crisis.

Pre-IFRS 16 net debt as at April 30 was GBP167 million, a reduction compared to the prior year balance of GBP171 million.

Shares in Marshalls were up 2.3% to 128.71 pence each in London on Wednesday.

By Jeremy Cutler, Alliance News reporter

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