
14 May 2025
AGM Trading Update
Return to revenue growth with improving trends in all reporting segments and full year expectations unchanged
Marshalls, a leading manufacturer of sustainable solutions for the built environment, provides the following trading update for the four months to 30 April 2025 ahead of its Annual General Meeting at 11.00am today.
Trading performance
The Group delivered revenue of
Landscaping Products revenue contracted by three per cent year-on-year to
Building Products revenue grew by four per cent to
Roofing revenue increased by 15 per cent to
Balance sheet and liquidity
The Group's balance sheet remains strong, ending the period with pre-IFRS16 net debt of
Outlook
The Board is encouraged as we begin to see results from our performance improvement plans in Landscaping and growth across our other businesses despite markets remaining subdued. The Group remains well placed to benefit as key end markets recover. Against this backdrop, the Board's expectations for 2025 remain unchanged.
Matt Pullen, Chief Executive of Marshalls plc, said:
"We have made an encouraging start to 2025 with a return to Group revenue growth in the first four months of the year and improving trends in all our reporting segments.
We remain focused on executing our performance improvement plan in Landscaping alongside deploying our Transform & Grow' strategy at pace and are well positioned to respond swiftly to improving activity levels when our key end markets recover."
Enquiries:
Marshalls plc |
|
Matt Pullen, Chief Executive Justin Lockwood, Chief Financial Officer Simon Bourne, Chief Commercial Officer |
+44 1422 314777 |
Hudson Sandler (Financial PR) |
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Dan de Belder Harry Griffiths |
+44 20 7796 4133 |
Note to the Editor:
About Marshalls plc:
Established in the late 1880s, Marshalls plc is a leading
The Group operates a national network of manufacturing and distribution sites. 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. Its strategic goal is to become the
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 2024.
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