Landscaping manufacturer sees revenues rise to £490m in acquisitive year

Marshalls plc, the Elland-based landscaping manufacturer, has reported growth in profits and revenue during an acquisitive year.

For the twelve months ending 31 December 2018, the listed-company saw revenues rise to £490m, marking a 14% rise on the £430.2m achieved in 2017.

Pre-tax profits also increased by 21% from £52.1m to £62.9m, and overall operating profit rose to £64.8m. The company noted that EBITDA grew by 19% to £80m and earning per share at 26.29 pence are up 22%.

This growth was achieved in a year which saw Marshalls complete the £11.8m acquisition of  independent concrete brick manufacturer and supplier, Edenhall Holdings.

The company said that since the deal was completed in December 2018, trading has been “strong and integration is on track with our expectations.”

Marshalls also said that CPM Group, a pre-cast concrete manufacturer specialising in underground water management solutions which it acquired in October 2017 for £38m, is now fully integrated into the Marshalls Group is now complete.

Vanda Murray OBE, chair of Marshalls, said: “Good progress has been made during the year, notably the successful integration of CPM and the ongoing self help programme to drive organic growth and these have been enhanced by the acquisition of Edenhall.

“The Group’s focus remains the delivery of long-term sustainable growth, whilst maintaining a strong balance sheet and a flexible capital structure.”