Marshalls maintains guidance for lower annual profit amid flat revenue
Marshalls PLC on Wednesday kept its full-year guidance unchanged despite flat revenue in the past four months.
The maker of paving stones and other hard landscaping products reported revenue of £548 million for the 10 months to October 31, up 2.4% from £535 million a year earlier. Revenue from Landscaping Products was down 1%, but revenue from both Building Products and Roofing Products was up 5%.
However, in the four months since July, revenue has been flat, amid a 3% decline for Roofing Products, flat revenue for Landscaping Products, and a 4% increase for Building Products.
Marshalls maintained guidance for adjusted pretax profit of between £42 million and £46 million in 2025. This will be down from £52.2 million in 2024 and £53.3 million in 2023.
It said its Landscaping performance improvement plan is on track to deliver £11 million in annualised cost savings, including £9 million from network optimisation and a potential £2 million gain from exiting UK quarried stone processing.
Chief Executive Officer Matt Pullen said Marshalls delivered a ‘resilient performance’ despite ‘current market conditions’.
‘We continue to make good progress with our ’transform & grow’ strategy and, looking ahead, Marshalls is well positioned to benefit from a market recovery and the structural growth drivers that underpin our businesses over the medium-term.’
Marshalls shares were up 3.7% to 178.40 pence early Wednesday in London. The stock is down 46% over the past 12 months.
Copyright 2025 Alliance News Ltd. All Rights Reserved.