Marshalls sees full year results above market expectations

LANDSCAPE products business Marshalls has seen revenue rise 18% and said that if the positive market conditions continue it will post full year results above current market expectations.

For the period for the ten months to October 31, the Elland-headquartered group reported revenue from continuing operations of £312m, up from £265m last time.

It said it continues to experience strong order intake and sales growth in all its end markets.

Sales to the public sector and commercial end market, which now represent around 63%of Marshalls’ sales, were up 21% on a continuing basis.

Marshalls said it continues to target market areas where higher levels of growth are anticipated, such as rail, home, landscape water management and internal natural stone flooring.

Sales to the domestic end market, which represent around 31% of group sales, were up 10% compared with the prior year period.

The group said continued progress has been made in developing the international business, where revenue has grown by 34% in the period and has now reached 6% of expanded group sales.

“The group continues to increase output to meet growing demand and to deliver benefits from its operational gearing. The group remains focused on product innovation and service delivery initiatives to deliver continued sales growth and improve trading margins,” Marshalls said.