5th Nov 2014 09:11
LONDON (Alliance News) - Landscape products company Marshalls PLC saw its shares rise in early trade on Wednesday after the company said revenue increased in the first ten months of the year and said a continuation of the positive performance will see it outperform the market for the full year.
Revenue for the group in the ten months to the end of October rose to GBP312 million, up 18% on the GBP265 million posted a year earlier.
Marshalls said it is continuing to see strong order intake and sales growth in all end markets and said that if the performance continues, it expects its full-year results to beat market forecasts.
Sales to the Public Sector and Commercial end market rose 21% over the period, while sales to the Domestic market were up 10% year-on-year, Marshalls said.
In addition, it said revenue from its International business has increased 34%, meaning it now represents 6% of group sales.
Marshalls shares were up 4.2% to 201 pence in early trade Wednesday, making it one of the best performers in the FTSE All Share.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
Marshalls