REG - Marshalls PLC - Trading Statement

MarshallsAnnouncement

12/07/2022 07:00

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RNS Number : 0799S  Marshalls PLC  12 July 2022

Marshalls plc

 

Trading update, Notice of results and Capital Markets Day

 

Trading update

 

Group revenue for the half year ended 30 June 2022 was £348 million (2021:
£298 million), which represents year on year growth of 17 per cent including
the benefit of the acquisition of Marley. On a like for like basis, Group
revenue growth was 7%.  Within this, Marley has traded strongly in the first
two full months of Marshalls' ownership, and its integration into the Group is
progressing in line with the internal plans we put in place at the time of
acquisition.

 

The Board also confirms that its expectations for the Group for the current
financial year are in line with market expectations.

 

Notice of results

 

Marshalls will announce its half year results for the six months ended 30 June
2022 on 18 August.

 

As communicated on 11 May 2022, following the acquisition of Marley, the Board
carried out a review of the Group's financial reporting segments and concluded
that going forward it will report under the following three segments,
effective from the publication of its 2022 half year results:

 

·    Marshalls Landscape Products;

·    Marshalls Building Products; and

·    Marley Roofing Products.

 

Alongside this new reporting format, the Group will present details of the end
markets served by each reporting segment to illustrate the enlarged Group's
broad coverage of the sub sectors spanning the construction market.

 

Capital Markets Day

 

Marshalls will also hold a Capital Markets Day for investors and analysts on
22 September 2022 at its Marley Site in Burton upon Trent.  The day will
comprise an update on the Group's five-year strategy, including a deep dive on
the Marley acquisition, together with a tour of the site.  To register your
interest and for further details, please contact MHP Communications via
Marshalls@mhpc.com.

 

 

Enquiries:

 

   Martyn Coffey      Chief Executive           Marshalls plc       +44 (0)1422 314777

   Justin Lockwood    Chief Financial Officer

   Andrew Jaques                                MHP Communications  +44 (0)20 3128 8540
   Charlie Barker

 

 

Note to the Editor:

 

About Marshalls plc:

 

Established in the late 1880s, Marshalls plc is the UK's leading manufacturer
of superior natural stone and innovative concrete hard landscaping products,
supplying the construction, home improvement and landscape markets.
Marshalls provides the product ranges, design services, technical expertise,
innovative ideas and inspiration to transform gardens, drives and public and
commercial landscapes. Following the acquisition of Marley, the Group is now
also a leader in the manufacture and supply of pitched roofing systems,
including clay and concrete tiles, timber battens, roof integrated solar
solutions and roofing accessories.

 

The Group operates its own quarries and manufacturing sites throughout the UK,
including a national network of manufacturing and distribution sites, and has
operations in Belgium and sales representation in other international
markets.  As a major plc, Marshalls is committed to quality in everything it
does, including the achievement of high environmental and ethical standards
and continual improvement in health and safety performance.

 

 

Forward-Looking Statements:

 

Any statements in this release, to the extent that they are forward-looking,
are subject to risk factors associated with, amongst other things, the
economic and business circumstances occurring from time to time in the markets
in which Marshalls operates. It is believed that the expectations reflected in
these statements are reasonable but they may be affected by a wide range of
variables which could cause actual results to differ materially from those
currently anticipated.  More information about the factors that may affect
Marshalls' performance is contained in the Annual Report to shareholders for
the year ended 31 December 2021.

 

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