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11 May 2011 07:00
Interim Management Statement: 11 May 2011
Current trading in line with expectations
Trading Performance
Marshalls' revenue for the four months ended 30 April 2011 increased by 10 per cent to £113 million (2010: £103 million).
Sales to the Public Sector and Commercial end market, which represents approximately 60 per cent of Marshalls' sales, were up 12 per cent and sales to the Domestic end market were up by 7 per cent compared to the prior year.
The survey of domestic installers at the end of April 2011 revealed order books of 7.1 weeks (2010: 8.4 weeks; 2009: 7.1 weeks) similar to the 7.2 weeks at the end of February 2011 following the excellent installation conditions this year.
Outlook
Sales in the first four months of 2011 have continued the positive trend of 2010, however, market uncertainty remains. The outlook for the Public Sector and Commercial end market remains mildly positive and the Domestic end market remains resilient.
Enquiries:
Graham Holden | Chief Executive | Marshalls plc | 01484 438900 |
Ian Burrell | Finance Director
| Marshalls plc | 01484 438900 |
Jon Coles |
| Brunswick Group | 0207 404 5959 |
Kate Miller |
| Brunswick Group | 0207 404 5959 |
11 May 2011
Note to the Editor:
About Marshalls:
Established in the late 1880s, Marshalls is the UK's leading manufacturer of superior natural stone and innovative concrete hard landscaping products, supplying the construction, home improvement and landscape markets. Marshalls provides the product ranges, design services, technical expertise, innovative ideas and inspiration to transform gardens, drives and public and commercial landscapes.
Marshalls operates its own quarries and manufacturing sites throughout the UK, including a national network of manufacturing and distribution sites. As a major plc, Marshalls is committed to quality in everything it does, including the achievement of high environmental and ethical standards and continual improvement in health and safety performance.
Forward-Looking Statements:
Any statements in this release, to the extent that they are forward-looking, are subject to risk factors associated with, amongst other things, the economic and business circumstances occurring from time to time in the markets in which Marshalls operates. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a wide range of variables which could cause actual results to differ materially from those currently anticipated. More information about the factors that may affect Marshalls' performance is contained in the Annual Report to shareholders for the year ended 31 December 2010.
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