Marshalls profit rises to £70m on £542m revenue

Marshalls plc, the Elland, West Yorkshire-based natural stone and landscaping products firm, said on Thursday its 2019 profit before tax rose 11% to £69.9 million on revenue up 10% to £541.8 million.

The firm said total dividends — ordinary and supplementary — rose 15% to 18.35p.

Marshalls CEO Martyn Coffey said: “The group has delivered further growth in 2019 despite a period of market slowdown and economic and political uncertainty.

“The CPA’s recent winter forecast predicted an increase in UK market volumes of 0.6 per cent in 2019 followed by a decrease of 0.3 per cent in 2020.

“The underlying indicators in our key New Build Housing, Road, Rail and Water Management markets remain supportive.

“The board believes that the group’s new five year strategy will continue to deliver sustainable growth, whilst maintaining a strong balance sheet and a flexible capital structure.

“The strategy is underpinned by positive market fundamentals, focused investment plans and an established brand.”