Marshalls PLC Interim Management Statement (1487W)
November 05 2014 - 2:00AM
UK Regulatory
TIDMMSLH
RNS Number : 1487W
Marshalls PLC
05 November 2014
Interim Management Statement: 5 November 2014
Trading Performance
Marshalls plc (MSLH), the specialist landscape products company,
today issued its Interim Management Statement for the ten months
ended 31 October 2014.
Marshalls' revenue from continuing operations for the ten months
ended 31 October 2014 was up 18 per cent at GBP312 million (2013:
GBP265 million). The Group continues to experience strong order
intake and sales growth in all its end markets. If the positive
market conditions continue it is likely that the full year results
will be above current market expectations.
Sales to the Public Sector and Commercial end market, which now
represent approximately 63 per cent of Marshalls' sales, were up 21
per cent, on a continuing basis. The Group continues to target
those parts of the market where higher levels of growth are
anticipated, such as Rail, Home, Landscape Water Management and
Internal Natural Stone Flooring.
Sales to the Domestic end market, which represent approximately
31 per cent of Group sales, were up 10 per cent compared with the
prior year period. The survey of domestic installers at the end of
October 2014 revealed order books of 11.9 weeks (2013: 11.0 weeks)
compared with 11.5 weeks at the end of June 2014.
Continued progress has been made in developing the International
business, where revenue has grown by 34 per cent in the ten months
ended 31 October 2014 and has now reached 6 per cent of expanded
Group sales.
Dividend
The 2014 interim dividend of 2.00 pence per share, announced on
28 August 2014, will be paid on 5 December 2014 to shareholders
registered at the close of business on 24 October 2014.
Outlook
The Construction Products Association's Autumn Forecast predicts
growth in UK market volumes of 4.8 per cent in 2014 and 5.3 per
cent in 2015 which is an improvement on their Summer Forecast.
The Group continues to increase output to meet growing demand
and to deliver benefits from its operational gearing. The Group
remains focused on product innovation and service delivery
initiatives to deliver continued sales growth and improve trading
margins.
Enquiries:
Martyn Coffey Chief Executive Marshalls plc +44(0)1422 314777
Jack Clarke Finance Director
+44(0)207 404
Jon Coles Brunswick Group 5959
Simon Maine
Note to the Editor:
About Marshalls:
Established in the late 1880s, Marshalls is the UK's leading
manufacturer of superior natural stone and innovative concrete hard
landscaping products, supplying the construction, home improvement
and landscape markets. Marshalls provides the product ranges,
design services, technical expertise, innovative ideas and
inspiration to transform gardens, drives and public and commercial
landscapes.
Marshalls operates its own quarries and manufacturing sites
throughout the UK, including a national network of manufacturing
and distribution sites, and has operations in Belgium and sales
representation in other international markets. As a major plc,
Marshalls is committed to quality in everything it does, including
the achievement of high environmental and ethical standards and
continual improvement in health and safety performance.
Forward-Looking Statements:
Any statements in this release, to the extent that they are
forward-looking, are subject to risk factors associated with,
amongst other things, the economic and business circumstances
occurring from time to time in the markets in which Marshalls
operates. It is believed that the expectations reflected in these
statements are reasonable but they may be affected by a wide range
of variables which could cause actual results to differ materially
from those currently anticipated. More information about the
factors that may affect Marshalls' performance is contained in the
Annual Report to shareholders for the year ended 31 December
2013.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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