Marshalls revenues return to growth despite subdued markets

(Sharecast News) - Landscaping products specialist Marshalls held annual guidance after revenue rose in the first four months of the year despite subdued markets. The group said revenue increased 4% to £207m year on year. Landscaping products revenue contracted by 3% to £86m which Marshalls called a "significant" improvement over the 11% fall reported in the second half of 2024. #

"This performance is encouraging in the context of subdued end markets and reflects the impact of the comprehensive performance improvement plan that was initiated in June 2024," the company said in a trading update.

"The improving trend was evident in both our stockist and direct to site revenues, driven by strengthened customer relationships. We remain confident of achieving revenue and market share growth for landscaping products in 2025 and are further encouraged by the ongoing improvements in our order intake."

"The board is encouraged as we begin to see results from our performance improvement plans in landscaping and growth across our other businesses despite markets remaining subdued. The group remains well placed to benefit as key end markets recover. Against this backdrop, expectations for 2025 remain unchanged."

Building products revenue grew by 4% to £56m after a strong performance in the water management and mortars business units. The bricks division continued to see growth in facing bricks although overall revenue was impacted by softer demand for other products in a competitive market, the company said. Aggregates was impacted by softer demand and reported lower revenues year-on-year.

Reporting by Frank Prenesti for Sharecast.com

Roofing revenue increased by 15 per cent to £65 million (2024: £56 million). This growth was driven by the continued strong performance of Viridian Solar, which benefitted from house builders choosing its market-leading integrated solar proposition in response to changes in building regulations. Marley Roofing also delivered sustained revenue growth, primarily through timber battens and clay tiles, with the latter benefitting from the launch of a new product range.