Last checked at 12 Dec 2018 07:00
12 December 2018 | LEI: 213800S21IFC367J5V62 |
Trading Update
Following the announcement today of the acquisition of Edenhall Holdings Limited, the Board confirms that it expects to exceed full year expectations. This has been driven by better second half revenue growth.
Recent trading has been strong with revenue for the 11 months ended 30 November 2018 up 14 per cent at £465 million (2017: £407 million). The self-help programme to support organic growth is progressing well and the underlying indicators in the New Build Housing, Road, Rail and Water Management markets remain supportive.
The Board intends to issue its full year Preliminary Announcement on 14 March 2019.
Enquiries:
Martyn Coffey | Chief Executive | Marshalls plc | 01422 314777 |
Jack Clarke | Group Finance Director | Marshalls plc | 01422 314777 |
Charlie Barker | MHP Communications | 020 3128 8540 |
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 2017.