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Encouraging performance sees Marshalls’ revenue increase by 11%

Hard landscaping manufacturer, Marshalls, has reported revenue for the first half of the year increased by 11% to £199 million.

Encouraging performance sees Marshalls' revenue increase by 11%

The supplier said it continues to experience strong order intake, which will underpin the current trading momentum into the second half of 2015.

Marshalls said its sales to the public sector and commercial end market, which now represent approximately 64% of the Group’s total sales, were up 15% compared with 2014.

The Group continues to target those parts of the market where higher levels of growth are anticipated, such as rail, newbuild housing, water management and street furniture.

Sales to the domestic end market, which represent approximately 30% of Marshalls’ sales, were up 4% compared with the prior year period.

The survey of domestic installers at the end of June 2015 revealed order books of 12.0 weeks (2014: 11.5 weeks) and compared with 10.6 weeks at the end of April 2015, according to the supplier.

The company added continued progress has been made in developing the International business where revenue has grown by 7% in the six months ended 30 June 2015 and is now 6% of Marshalls’ sales.

Martyn Coffey, chief executive of Marshalls, said: “We are continuing to invest in the further development of the Marshalls’ brand across all of the Group’s businesses, as well as in product innovation and service delivery initiatives to deliver continued sales growth, improved trading margins and increased return on capital employed.”

About Fiona Russell-Horne

Fiona Russell-Horne
Group Managing Editor across the BMJ portfolio.

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