Marshalls' growth continues

Marshalls' revenue for the four months ended 30 April 2015 was up 12% at £127million compared with the same period last year.

The Group says it bcontinues to experience strong order intake and sales growth in all its end markets. In the public sector and commercial end market, representing 64% of Marshalls' business, sales were up 17% and the Group says it continues to target those parts of the market where higher levels of growth are anticipated – as rail, housing, water management and street furniture.

Sales in the domestic end market, representing 30% of Marshalls' business, were up 6%. International revenue has grown by 2% and represents 6% of turnover. The Group says it has made continued progress in developing its international business and its operations are now better aligned with market opportunities.

Restructuring of the Belgium business, implemented and accounted for in the second half of 2014, has now been completed on budget.

Outlook

The Construction Products Association's Spring Forecast predicts growth in UK market volumes of 5.5% in 2015, an improvement on their Winter Forecast, and growth of 4% in 2016. Marshalls continues to increase output to meet growing demand and deliver benefits from its operational gearing.

Continued emphasis is being placed on the further development of the Marshalls' brand across all of the Group's businesses. The Group says it is investing in product innovation and service delivery initiatives to deliver ongoing sales growth, improved trading margins and increased return on capital employed.