20th May 2015 07:35
LONDON (Alliance News) - Marshalls PLC Wednesday said its revenue in the first four months of 2014 rose on the back of strong order intake and sales growth in all of its markets.
The company, which makes paving products for the construction, home improvement and landscape markets, said revenue in the first four months to the end of April was up 12% to GBP127 million, despite coming up against tough comparative figures.
Sales in its Public Sector and Commercial end market, which contributes 64% of total sales, rose 17% year-on-year, driven by good demand in the rail, newbuild housing, water management and street furniture markets. Sales in the Domestic end market rose 6% year-on-year, while International revenue was up 2%.
Marshalls said the revenue growth is slightly ahead of its expectations and has driven a better-than-anticipated growth in profit.
Shares in Marshalls were up 4.4% to 288.25 pence on Wednesday, one of the best performers in the FTSE All-Share index.
By Sam Unsted; [email protected]; @SamUAtAlliance
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