Marshalls PLC Trading Update (1965D)
July 05 2016 - 2:00AM
UK Regulatory
TIDMMSLH
RNS Number : 1965D
Marshalls PLC
05 July 2016
Trading Update: 5 July 2016
Trading Performance
Marshalls' revenue for the 6 months ended 30 June 2016 was up 2
per cent at GBP202 million (2015: GBP199 million). This reflects a
stronger sales performance in May and June compared with the first
4 months of the year. UK revenue in these 2 months was 5 per cent
up compared with the 2015 comparatives.
The revenue improvement in May and June was particularly strong
in the Domestic end market where year on year growth was 12 per
cent. Sales in the Domestic end market represented approximately 32
per cent of Marshalls' sales in the 6 months ended 30 June 2016.
Despite the improved sales performance, the survey of domestic
installers at the end of June 2016 revealed order books remaining
strong at 11.7 weeks (2015: 12.0 weeks). This compared with 12.4
weeks at the end of April 2016.
Sales in the Public Sector and Commercial end market also picked
up over the last 2 months and were 2 per cent ahead of the prior
year period. Sales in the Public Sector and Commercial end market
represented approximately 63 per cent of Marshalls' sales in the 6
months ended 30 June 2016.
Outlook
Notwithstanding the potential for uncertainty following the
result of the EU Referendum, the underlying indicators remain
positive. Marshalls continues to be well placed to deliver the
growth initiatives set out in the 2020 Strategy and continues to
drive through sustainable cost reductions and improvements in
operational efficiency.
Marshalls will issue its Half-yearly Report on 26 August 2016.
This will include a further update of both trading performance and
the outlook for the Group.
Enquiries:
+44(0)1422
Martyn Coffey Chief Executive Marshalls plc 314777
Jack Clarke Finance Director
+44(0)20
Andrew Jaques MHP Communications 3128 8540
James White
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
2015.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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