Marshalls revenue up to £542m as acquisition helps

Marshalls plc, the Elland, West Yorkshire-based natural stone and landscaping products firm, said on Thursday its group revenue for the year ended December 31, 2019, was up 10% to £542 million.

The result included the impact of recent acquisition Edenhall.

Marshalls said in a trading statement: “Group revenue for the year ended 31 December 2019 was up 10 per cent to £542 million (2018: £491 million).

“Excluding the impact of Edenhall, which was acquired in December 2018, revenue grew 3 per cent.”

Marshalls shares, which have soared almost 60% in the past year, slipped about 5% to around 787p to give the firm a current stock market value of around £1.7 billion.

Marshalls, which operates its own quarries and manufacturing sites throughout the UK, added: “Sales in the public sector and commercial end market, which represented approximately 69 per cent of group revenue, were up 15 per cent compared with the prior year period.

“The performance of Edenhall has been strong and the integration plan is substantially complete …”

“The board confirms it is confident of meeting its 2019 expectations.”