StockMarketWire.com - Marshalls' revenue for the four months ended 30 April 2015 was up 12 per cent at £127 million (2013: £113 million). This increase is against strong comparatives for 2014.

The Group continues to experience strong order intake and sales growth in all its end markets. The revenue growth in the year to date is slightly ahead of our previous expectations with a consequent improvement in profitability.

Sales in the Public Sector and Commercial end market, which now represent approximately 64 per cent of Marshalls' total sales, were up 17 per cent compared with the prior year period. The Group continues to target those parts of the market where higher levels of growth are anticipated, such as Rail, Newbuild Housing, Water Management and Street Furniture.

Sales in the Domestic end market, which represent approximately 30 per cent of Marshalls' sales, were up 6 per cent compared with the prior year period. The survey of domestic installers at the end of April 2015 revealed order books of 10.6 weeks (2014: 11.5 weeks) and compared with 9.0 weeks at the end of February 2015.

International revenue has grown by 2 per cent compared with the prior year period and represents 6 per cent of Marshalls' sales. Continued progress has been made in developing the International business and its operations are now better aligned with market opportunities. The restructuring of the Belgium business, implemented and accounted for in the second half of 2014, has now been completed on budget.

Outlook:

The Construction Products Association's Spring Forecast predicts growth in UK market volumes of 5.5 per cent in 2015, an improvement on their Winter Forecast, and growth of 4.0 per cent in 2016. The Group continues to increase output to meet growing demand and so deliver benefits from its operational gearing.

Continued emphasis is being placed on the further development of the Marshalls' brand across all of the Group's businesses. The Group is investing in product innovation and service delivery initiatives to deliver ongoing sales growth, improved trading margins and increased return on capital employed.






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