Business
AGM Trading Update
AGM Trading Update.
About this update from Marshalls Plc
[{"type":"text","content":"\n\n14 May 2025\n \n\n \nAGM Trading Update\n \nReturn to revenue growth with improving trends in all reporting segments and full year expectations unchanged\n \nMarshalls, a leading manufacturer of sustainable solutions for the built environment, provides the following trading update for the four months to 30 April 2025 ahead of its Annual General Meeting at 11.00am today.\n \nTrading performance\nThe Group delivered revenue of £207 million (2024: £199 million), marking a return to growth and a year-on-year increase of four per cent.\n \nLandscaping Products revenue contracted by three per cent year-on-year to £86 million (2024: £89 million), which is a significant improvement over the 11 per cent reduction reported in the second half of 2024. This performance is encouraging in the context of subdued end markets and reflects the impact of the comprehensive performance improvement plan that was initiated in June 2024. The improving trend was evident in both our stockist and direct to site revenues, driven by strengthened customer relationships. We remain confident of achieving revenue and market share growth for Landscaping Products in 2025 and are further encouraged by the ongoing improvements in our order intake.\n \nBuilding Products revenue grew by four per cent to £56 million (2024: £54 million). This growth reflects a strong performance in our Water Management and Mortars business units driven respectively by good commercial execution and moderate improvements in build rates on housing developments which favours ready-to-use mortars. In Bricks we continued to see growth in facing bricks although overall revenue was impacted by softer demand for other products in a competitive marketplace. The Aggregates business unit was impacted by softer demand and reported lower revenues year-on-year.\n \nRoofing revenue increased by 15 per cent to £65 million (2024: £56 million). This growth was driven by the continued strong performance of Viridian Solar, which benefitted from house builders choosing its market-leading integrated solar proposition in response to changes in building regulations. Marley Roofing also delivered sustained revenue growth, primarily through timber battens and clay tiles, with the latter benefitting from the launch of a new product range.\n \nBalance sheet and liqu...