18th May 2016 06:58
LONDON (Alliance News) - Concrete paving manufacturer Marshalls PLC on Wednesday said revenue in the first four months of 2016 edged up against tough comparatives and a softening commercial market.
Marshalls said revenue for the four months to the end of April was GBP120.0 million, up slightly from GBP119.0 million a year earlier.
Public Sector and Commercial sales were in line year-on-year, and Marshalls said it will continue to target areas of the market where higher growth is anticipated, including rail, new-build housing and water management.
Domestic sales were up 4.0% year-on-year, Marshalls said, and the group said the pipeline for UK infrastructure projects remains strong. It added, however, the European market has continued to prove challenging.
Marshalls said it anticipates meeting its expectations for 2016 and said it expects to make targeted bolt-on acquisitions over the course of the year to complement its organic growth.
By Sam Unsted; [email protected]; @SamUAtAlliance
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