Marshalls PLC Trading Update (4572B)
January 07 2015 - 2:00AM
UK Regulatory
TIDMMSLH
RNS Number : 4572B
Marshalls PLC
07 January 2015
Trading Update: 7 January 2015
Trading Performance
Marshalls' revenue from continuing operations for the year ended
31 December 2014 was up 17 per cent at GBP359 million (2013: GBP307
million). Revenue for the six months to 31 December 2014 was up 19
per cent compared with the second half of 2013. The Group continues
to experience strong order intake and sales growth in all its end
markets.
Sales to the Public Sector and Commercial end market, which now
represent approximately 64 per cent of Marshalls' sales, were up 20
per cent for the full year, on a continuing basis, compared with
2013. The Group continues to target those parts of the market where
higher levels of growth are expected, such as Rail, Newbuild
Housing, Water Management and Street Furniture.
Sales to the Domestic end market, which represent approximately
30 per cent of Group sales, were up 9 per cent for the full year,
compared with the prior year period. The survey of Marshalls' c.
1,000 domestic installer teams at the end of October 2014 revealed
order books of 11.9 weeks (October 2013: 11.0 weeks).
International revenue has grown by 28 per cent in the year ended
31 December 2014 and is now 6 per cent of expanded Group sales.
Focus has been directed to ensure that International operations are
better aligned with market opportunities. This resulted in a charge
of GBP2 million in the second half of 2014 in relation to the
restructuring of Marshalls NV. Notwithstanding this charge the
expectations for 2014 full year results remain unchanged.
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. 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. Continued emphasis is being placed on the further
development of the Marshalls' brand across all of the Group's
businesses.
Enquiries:
+44(0)1422
Martyn Coffey Chief Executive Marshalls plc 314777
Jack Clarke Finance Director
+44(0)207
Jon Coles Brunswick Group 404 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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