Last checked at 12 Jul 2022 07:00
Marshalls plc
Trading update, Notice of results and Capital Markets Day
Trading update
Group revenue for the half year ended 30 June 2022 was £348 million (2021: £298 million), which represents year on year growth of 17 per cent including the benefit of the acquisition of Marley. On a like for like basis, Group revenue growth was 7%. Within this, Marley has traded strongly in the first two full months of Marshalls' ownership, and its integration into the Group is progressing in line with the internal plans we put in place at the time of acquisition.
The Board also confirms that its expectations for the Group for the current financial year are in line with market expectations.
Notice of results
Marshalls will announce its half year results for the six months ended 30 June 2022 on 18 August.
As communicated on 11 May 2022, following the acquisition of Marley, the Board carried out a review of the Group's financial reporting segments and concluded that going forward it will report under the following three segments, effective from the publication of its 2022 half year results:
· Marshalls Landscape Products;
· Marshalls Building Products; and
· Marley Roofing Products.
Alongside this new reporting format, the Group will present details of the end markets served by each reporting segment to illustrate the enlarged Group's broad coverage of the sub sectors spanning the construction market.
Capital Markets Day
Marshalls will also hold a Capital Markets Day for investors and analysts on 22 September 2022 at its Marley Site in Burton upon Trent. The day will comprise an update on the Group's five-year strategy, including a deep dive on the Marley acquisition, together with a tour of the site. To register your interest and for further details, please contact MHP Communications via Marshalls@mhpc.com.
Enquiries:
Martyn Coffey Justin Lockwood | Chief Executive Chief Financial Officer
| Marshalls plc | +44 (0)1422 314777 |
Andrew Jaques | MHP Communications | +44 (0)20 3128 8540 | |
Charlie Barker |
Note to the Editor:
About Marshalls plc:
Established in the late 1880s, Marshalls plc 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. Following the acquisition of Marley, the Group is now also a leader in the manufacture and supply of pitched roofing systems, including clay and concrete tiles, timber battens, roof integrated solar solutions and roofing accessories.
The Group 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 2021.