Marshalls revenues rise in first half of 2019
First publishedon www.AggBusiness.com
Marshalls, a leading UK building materials supplier and landscaping group, achieved revenues of £280.1 million (€304.24mn) in the first half of 2019, compared to £244.3mn (€265.35mn) for the same period of last year. The group posted a 14% increase in reported pre-tax profit to £37.1mn (€40.29mn). The acquisition of brick manufacturer Edenhall helped to improve Marshalls H1 2019 results.
Speaking to industry reporters, Group chief executive Martyn Coffey said the first-half performance, coupled with a “strong” start to the second half, means the board “is increasingly confident of at least achieving its expectations for 2019”.
He added: “The group continues to outperform the Construction Products Association's ("CPA") growth figures, despite ongoing political and Brexit uncertainty.
“The CPA's recent Summer Forecast predicts a decrease in UK market volumes of 0.3 per cent in 2019, followed by an increase of 1.0 per cent in 2020, while the underlying indicators in the New Build Housing, Road, Rail and Water Management markets remain supportive.”