News Column

Marshalls Revenue Up In 2014 Following Strong Start To The Year

May 14, 2014

Anthony Tshibangu

LONDON (Alliance News) - Landscape products group Marshalls PLC Wednesday said it started 2014 strongly, with revenue from continuing operations for the four months ended April 30 up 22% to GBP113 million, compared with GBP93 million a year earlier.

The company, which manufactures and supplies landscape, driveway and garden products, said the improved performance in 2014 compares with a 9% reduction for the same period a year ago, when Marshalls was affected by bad weather conditions.

Marshalls said sales to the Public Sector and Commercial end market - which now represents around 62% of group sales - were up 19%, on a continuing basis. The firm said it continues to target markets where higher levels of growth are anticipated, such as rail, home and landscape water management.

Sales to the Domestic end market, which represent approximately 32% of group sales, were up 19% compared with a year ago, Marshalls added.

Looking ahead Marshalls said it will continue to focus on product innovation and service delivery initiatives to drive sales growth and improve trading margins.

The stock was trading up 3.0% at 181.50 pence Wednesday morning.

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Source: Alliance News

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