Marshalls 9-month sales dip, sees profit in line

Marshalls plc, the Elland, West Yorkshire-based stone and landscaping firm, reported a dip in nine-month sales due to the slow homebuilding market, but said full-year results would be in line with expectations. 

Marshalls, which makes a range of landscaping and building products, said revenue was £476 million for the latest nine-month period, down from £528 million a year ago, due to what it called “continued weak end markets.”

Looking forward, the company said: “In anticipation of a continued improving demand environment for the Group’s products, the Board expects that profit for the full year will be in line with its previous expectations and that pre-IFRS16 net debt will be modestly better than its previous expectations.”