leadf
logo-loader
viewMarshalls

Marshalls revenues soaked by heavy rain

construction350_50e69074690ca.jpg

 

Stone and concrete products maker Marshalls (LON:MSLH) blamed last year’s fall in revenues on the heavy rain seen during the typically busy summer period.

Revenues for 2012 were £309mln, down from £334mln in 2011.

The company, whose products include garden structures and driveways, as well as park benches, walls and paving in public areas, said its international business is making steady progress, while current trading is in line with expectations.

Marshalls’ reshuffle announced in July was completed ahead of schedule and it said it is feeling the benefits of the cost reductions as expected.

“Despite the challenging economic background, Marshalls continues to target growth markets within the Public Sector and Commercial end market,” a statement read.

“Street furniture, water management and internal natural stone flooring are seen as particular growth areas, in addition to the continuing commitment to home, rail and retail.”

Shares picked up 1% to 102p each.

 

Quick facts: Marshalls

Price: 708 GBX

LSE:MSLH
Market: LSE
Market Cap: £1.42 billion
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

PNX Metals to raise up to $6.67 million to advance its NT gold and...

PNX Metals Ltd's (ASX:PNX) (FRA:4P1) James Fox speaks to Proactive's Andrew Scott after announcing they're undertaking a capital raising exercise comprising a placement and rights issue to raise up to $6.67 million. It's to advance its exploration and development strategy focused on gold and...

2 hours, 28 minutes ago

2 min read