Marshalls 2021 revenue rose 26% to £589m

Marshalls plc, the Elland, West Yorkshire-based stone and landscaping firm, said on Tuesday its revenue for the year ended December 31, 2021 was £589 million, which is 26% ahead of 2020 and an increase of 9% on 2019.

In a trading update, Marshalls said revenue growth in the second half of the year was “increasingly strong” and was 11% ahead of the comparative figures for 2019.

In its outlook, Marshalls said: “Supported by strong market demand in the last quarter of the year, the board is revising its trading expectations for the year ended 31 December 2021 to be slightly ahead of its previous view.

In spite of the ongoing supply chain challenges, trading remains positive and order intake in recent weeks is 13 per cent higher than the prior year in volume terms, excluding the positive impact of price increases.

“The outlook for the construction market remains positive, particularly in our key target markets of New Build Housing, Road, Rail and Water Management.

“The underlying indicators remain strong in each of these market areas.

“The group’s business strategy is underpinned by strong market positions, focused investment plans and an established brand.”