Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Marshalls PLC on Wednesday kept its full-year guidance unchanged despite flat revenue in the past four months.
The maker of paving stones and other hard landscaping products reported revenue of £548 million for the 10 months to October 31, up 2.4% from £535 million a year earlier. Revenue from Landscaping Products was down 1%, but revenue from both Building Products and Roofing Products was up 5%.
However, in the four months since July, revenue has been flat, amid a 3% decline for Roofing Products, flat revenue for Landscaping Products, and a 4% increase for Building Products.
Marshalls maintained guidance for adjusted pretax profit of between £42 million and £46 million in 2025. This will be down from £52.2 million in 2024 and £53.3 million in 2023.
It said its Landscaping performance improvement plan is on track to deliver £11 million in annualised cost savings, including £9 million from network optimisation and a potential £2 million gain from exiting UK quarried stone processing.
Chief Executive Officer Matt Pullen said Marshalls delivered a ‘resilient performance’ despite ‘current market conditions’.
‘We continue to make good progress with our ’transform & grow’ strategy and, looking ahead, Marshalls is well positioned to benefit from a market recovery and the structural growth drivers that underpin our businesses over the medium-term.’
Marshalls shares were up 3.7% to 178.40 pence early Wednesday in London. The stock is down 46% over the past 12 months.
Copyright 2025 Alliance News Ltd. All Rights Reserved.