‘Confident’ Marshalls sees revenues grow
CONSTRUCTION supplier Marshalls are set for a merry Christmas as turnaround plans pay off.
Revenue for the 11 months ended 30 November 2016 was up 3% to £375m up from £365m in the same period in 2015.
UK revenue since the half year is up 4% compared with the 2015 comparatives. The domestic end market was up 15% in the 5 months ended 30 November 2016.
The company has launched its 2020 Strategy, the first phase of which was to return to pre-recession profitability.
It is planning a £15m investment programme and is targeting 10% sales growth a year, missing it for 2016.
The board said it was ‘confident’ that it would meet its 2016 expectations and that they continue to identify and monitor bolt-on acquisitions in line with its 2020 Strategy.
It said in an update this morning: “The board believes the group’s innovative product range, strong market positions and robust balance sheet mean it is well placed to deliver continued operational and profit improvements.”
