Building supplies firm hails hardiness as profits rise

A construction, roofing and landscaping supplies firm has hailed its hardiness in “subdued” markets after seeing earnings rise.

Marshalls saw adjusted operating profit lifted 8.1 per cent to £30.7 million in the half-year to June 30.

Adjusted pre-tax profit was 13.2 per cent better off at £24.9 million as group revenues remained broadly stable at £317.8 million.

Officials say the numbers reflect “clear progress” made across its previously-unveiled ‘Transform & Grow’ turnaround strategy, which aims to deliver multi-million-pound savings.

They also praised the robustness of the firm – headquartered in Elland, near Halifax – against Middle East conflict-induced cost inflation pressures.

According to its trading update, the business’ landscaping products division “demonstrated the clearest evidence of its progress”, while its roofing products arm “continued to provide a strong contribution.”

It added its building products division enjoyed a “mixed” picture, with mortars and screeds “resilient” and water management “positioned for infrastructure-led growth”.

However, the company cautioned “weak new-build housing demand” had weighed on its bricks and masonry and water management divisions. 

Simon Bourne, chief executive, said: “We have delivered a resilient first-half performance, despite subdued end markets, with adjusted profit growth delivered in line with expectations.

“This reflects our reinvigorated focus on sharper execution, continued financial discipline and the benefits of actions taken through the 2025 financial year to create a leaner and more focused operating platform.

“The operational progress delivered to date, together with the strength of our diversified portfolio, supports the board’s confidence in the group’s outlook for the full year and our medium-term growth potential.”

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

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