Building products firm adds UK manufacturing base shielding it from overseas transport disruption

Building products firm Marshalls said trading in the first four months of the year was in line with expectations with revenue during the period flat at £205m.

It said had managed to weather some of the impact of the conflict in the Middle East adding: “With the vast majority of our products manufactured in Britain, our UK-centric manufacturing network limits direct exposure to international freight disruption and supports continuity of supply, service and quality.”

marshalls

Sales at Marshalls were flat at £205m in the first four months of the year

The firm has introduced an initiative called Transform & Grow which chief executive Simon Bourne said “is strengthening our market position, improving service and operational performance, alongside maintaining a tight focus on cash, cost and capital allocation”.

In a note, broker Investec said: “A relatively reassuring update and, surprisingly, full year profit expectations are unchanged.”

Marshalls will announce its half-year results in August.

Topics