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Marshalls profits rise 50%

Landscaping materials manufacturer Marshalls saw first half sales rise 9% with underlying pre-tax profits up 51% in the six months to June 30.

Marshalls profits rise 50%

Pre-tax profits jumped 51% to £12.2m on sales up 9% to £177m.

The strong sales were buoyed by public sector and commercial demand, but Marshalls is forecasting lower second-half market volumes.

“The domestic outlook is softening although installer order books have remained consistent at around seven weeks. Overall, market volume is expected to be slightly lower in the second half of the year against strong comparatives,” the company said in a statement.

The company is providing paving and landscaping materials for the London Olympics site – the athletes village and for the transport hub – in an Olympics-order book worth more than £8million.

“We are involved in a lot of different projects that come under the banner of the Olympics,” said chief executive Graham Holden.

About Fiona Russell-Horne

Group Managing Editor across the BMJ portfolio.

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