Last checked at 15 May 2019 07:00
LEI: 213800S21IFC367J5V62 |
Trading Update: 15 May 2019
Trading Performance
Group revenue for the four months ended 30 April 2019 was up 21 per cent at £180 million (2018: £149 million). Excluding the impact of Edenhall, which was acquired in December 2018, revenue was up 13 per cent.
Sales in the Public Sector and Commercial end market, which represented approximately 69 per cent of Group sales, were up 26 per cent compared with the prior year period. The performance of Edenhall has been strong and the integration plan is progressing well.
Sales in the Domestic end market, which represented approximately 26 per cent of Group sales, were up 9 per cent compared with the prior year period. The survey of domestic installers at the end of April 2019 revealed order books of 10.8 weeks (2018: 10.9 weeks) compared with 10.0 weeks at the end of February 2019.
Outlook
Recent trading has been strong and underlying indicators in the New Build Housing, Road, Rail and Water Management markets remain supportive to our growth strategy and plans. The Group continues to outperform the Construction Products Association's ("CPA") growth figures and the Board is increasingly encouraged regarding the Group's performance for this financial year.
The Group's focus remains the delivery of long-term sustainable growth, whilst maintaining a strong balance sheet and a flexible capital structure.
Enquiries:
Martyn Coffey | Chief Executive | Marshalls plc | +44(0)1422 314777 |
Jack Clarke | Group Finance Director
| ||
Andrew Jaques | MHP Communications | +44(0)20 3128 8540 | |
Charlie Barker |
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, and has operations in Belgium and sales representation in other international markets. 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 2018.