StockMarketWire.com - Specialist landscape products group Marshalls posted an increase in 2018 revenue and pre-tax profit on Thursday as strong second-half growth offset the impact of severe weather in the first four months of the year.

It saw a 14% increase in group revenue to £491m over the full year, with 17% growth in the second half. Pre-tax profits climbed 21% to £62.9m.

"The Group delivered a strong result in 2018 and continues to outperform the Construction Products Association's (CPA) growth figures, despite ongoing macro-economic and Brexit uncertainty," said Chief Executive Martyn Coffey.

Sales in the company's domestic end market, which represented approximately 29% of group sales, were up 3% compared with the prior-year period.

Further, despite the CPA's recent Winter Forecast predicting a decrease in UK market volumes of 0.2% in 2018, followed by an increase of 0.3% in 2019, the company said its recent trading had been strong and the underlying indicators in the New Build Housing, Road, Rail and Water Management markets remained supportive to its growth strategy and plans.

The company said it had seen a strong trading start to 2019 with sales up 16% in the first two months, which included sales from Edenhall, the brickmaker it acquired last year.

The survey of domestic installers at the end of February 2019 revealed order books of 10 weeks, which compared with 10.8 weeks at the end of October 2018.



At 8:15am: [LON:MSLH] Marshalls PLC share price was -0.25p at 545.25p



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