14th May 2025 10:45
(Alliance News) - Marshalls PLC on Wednesday said it was well positioned to swiftly respond to improving activity levels, as it highlighted revenue was up on-year, just before holding its annual general meeting.
The Yorkshire, England-based landscaping products maker said revenue rose 4.0% to GBP207 million in the four months to April 30 from GBP199 million a year ago.
Landscaping Products revenue was down 3.4% to GBP86 million from GBP89 million, which it said was an improvement from an 11% fall in the second half of 2024.
"This performance is encouraging in the context of subdued end markets and reflects the impact of the comprehensive performance improvement plan that was initiated in June 2024. The improving trend was evident in both our stockist and direct to site revenues, driven by strengthened customer relationships," Marshalls said.
Building Products revenue climbed 3.7% to GBP56 million from GBP54 million, amid a boost from the firm's Water Management and Mortars business units.
Roofing revenue jumped 15% to GBP65 million from GBP56 million, driven by a continued "strong" performance of Viridian Solar, which was helped by house builders choosing its integrated solar proposition in response to changes in building regulations.
The company said its expectations for 2025 remain unchanged.
Chief Executive Officer Matt Pullen said: "We have made an encouraging start to 2025 with a return to group revenue growth in the first four months of the year and improving trends in all our reporting segments. We remain focused on executing our performance improvement plan in Landscaping alongside deploying our Transform & Grow strategy at pace and are well positioned to respond swiftly to improving activity levels when our key end markets recover."
Marshalls shares were 1.2% higher at 291.00 pence each on Wednesday morning in London.
By Tom Budszus, Alliance News slot editor
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