Marshalls PLC Trading Update (1666S)
July 06 2015 - 2:00AM
UK Regulatory
TIDMMSLH
RNS Number : 1666S
Marshalls PLC
06 July 2015
Trading Update: 6 July 2015
Trading Performance
Marshalls' revenue for the six months ended 30 June 2015 was up
11 per cent at GBP199 million (2014: GBP180 million). This is an
encouraging performance against already strong comparatives for
2014. The Group continues to experience strong order intake which
will underpin the current trading momentum into the second half of
the year.
Sales to the Public Sector and Commercial end market, which now
represent approximately 64 per cent of Marshalls' total sales, were
up 15 per cent compared with 2014. The Group continues to target
those parts of the market where higher levels of growth are
anticipated, such as Rail, Newbuild Housing, Water Management and
Street Furniture.
Sales to the Domestic end market, which represent approximately
30 per cent of Marshalls' sales, were up 4 per cent compared with
the prior year period. The survey of domestic installers at the end
of June 2015 revealed order books of 12.0 weeks (2014: 11.5 weeks)
and compared with 10.6 weeks at the end of April 2015.
Continued progress has been made in developing the International
business where revenue has grown by 7 per cent in the six months
ended 30 June 2015 and is now 6 per cent of Marshalls' sales.
Outlook
The Construction Products Association's Spring Forecast predicts
growth in UK market volumes of 5.5 per cent in 2015 and growth of
4.0 per cent in 2016.
Martyn Coffey, Chief Executive of Marshalls, said:
"We are continuing to invest in the further development of the
Marshalls' brand across all of the Group's businesses, as well as
in product innovation and service delivery initiatives to deliver
continued sales growth, improved trading margins and increased
return on capital employed."
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
2014.
.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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