Marshalls PLC
07 July 2006
Trading Statement: Six Months to 30 June 2006
Marshalls' revenue from continuing operations in the six months to 30 June 2006
was £198 million (2005: £185 million) an increase of 6.9 per cent and included
£5 million from acquisitions. Revenue from continuing operations on a like for
like and day for day basis was up 3.4 per cent (4.2 per cent including the
additional working day).
Like for like sales to the Public Sector and Commercial market which represent
half of Group revenue were 8% ahead of 2005. Like for like sales to the Domestic
market were at a similar level to the prior year reflecting the widely
experienced slowdown in consumer spending on home improvements.
The most recent survey of domestic installers' average order books was 9.5 weeks
compared to 8.6 weeks at the beginning of the year and 8.9 weeks at a similar
time last year.
Development of the business has continued during the half year with the
acquisition of Urban Engineering, a street furniture business supplying a range
of shelters and associated products particularly to the Education sector. In
addition, the Group has secured rights to develop additional aggregate reserves
in the North West. The early performance of the three recently opened Garden and
Driveway Transformation Centres at Falkirk in Scotland, Bramhall in Cheshire and
Roxton in Bedfordshire has been encouraging.
The interim results of the Group will be announced on Friday 8 September 2006.
Graham Holden, Chief Executive, commented:
'We are pleased to have achieved an increase in revenue during the first half
given the slower consumer climate and flat building materials market. We
continue to see good demand in the Public Sector and Commercial market. Our
initiatives to stimulate demand from consumers continue to be well received and
the resilient installer order book is encouraging.
We are actively developing innovative products and services to anticipate and
improve customer demand. We also continue to focus on productivity improvements
and keep a tight control on costs, and remain on track to deliver results in
line with our expectations'.
Graham Holden Chief Executive Marshalls plc 01484 438930
Ian Burrell Finance Director Marshalls plc 01484 438930
Jon Coles Brunswick Group LLP 0207 404 5959
Sarah Lindgreen Brunswick Group LLP 0207 404 5959
7 July 2006
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.