Huddersfield construction supplier Marshalls reports growth
Hudderfield construction supplier Marshalls plc has reported revenue up 2% and growth in international revenue of 23% from £12.9 million to £16.1 million.
The firm stated that this was due to sales price increases. Marshalls year end debt reportedly represents 25% of its available facilities.
They also reported that operating profit was up 25%“ benefiting from cost reduction initiatives and margin improvement.“
Commenting on these results, Martyn Coffey, CEO, said: “The action Marshalls has taken over recent years to reduce its cost base and debt whilst maintaining operational flexibility, combined with a range of growth initiatives, means the business is well positioned to take full advantage of the improving market conditions.
“In addition, there are further opportunities to refocus the business, establish rigorous targets and set a clear growth objective for the years ahead.
“Sales in January and February 2014 are up 18% against very weak weather affected comparatives.
“Marshalls is increasing output to meet growing demand and deliver benefits from operational gearing. The medium term objective is for the Group to return to the revenue and profit levels that were achieved by Marshalls before the recession.”