Marshalls hails resilience as revenues hold steady

A construction, roofing and landscaping supplies firm has hailed its resilience in uncertain markets after reporting stable results.

Marshalls recorded revenue of £205 million in the four months to April 30.

The figure was one per cent down on a year ago, with bosses championing the company’s response to cost inflation pressures caused by the Middle East conflict.

They add the firm – headquartered in Elland, near Halifax – has continued to benefit from its ‘Transform & Grow’ turnaround strategy, which aims to deliver multi-million-pound savings.

According to the business’ financial update, revenues across its landscaping and building products arms were stable at £86 million and £56 million, respectively. 

The latter, said officials, benefited from demand for mortars and screeds, which counterbalanced brick and masonry trading affected by “continued weakness in new housing and competitive market conditions”.

Its roofing products division saw revenue fall from £65 million to £63 million.

Simon Bourne, chief executive, said: “Trading in the first four months of the year has been in line with expectations, and our teams are making clear progress in the areas within our control.

“Our ‘Transform & Grow’ strategy is strengthening our market position, improving service and operational performance.

“Our full-year expectations remain unchanged and reinforce our confidence in the direction of the group and our ability to deliver sustainable, profitable growth over the medium-term.” 

Operating across England, Scotland and Wales, Marshalls’ bases include sites in Bridgend, Coventry, Falkirk, Huddersfield, North Shields, Penrith and Sittingbourne.

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