Marshalls (LSE:MSLH) says trading for the four months to 30 April was in line with the Board's expectations and the Board has left full-year expectations unchanged.
Group revenue in the period was £205 million, down 1% from £207 million a year earlier, and the company, a UK manufacturer of building products and sustainable solutions for the built environment, says it is using targeted commercial actions to recover cost inflation arising from the war in the Middle East while its UK-centric manufacturing network limits exposure to international freight disruption.
"Trading in the first four months of the year has been in line with our expectations, and our teams are making clear progress in the areas within our control," Simon Bourne, Chief Executive Officer.
Landscaping Products delivered £86 million, in line with 2025 and regaining market share while remaining on track to deliver the previously announced £11 million of annualised cost savings by year-end; Building Products was £56 million with Mortars & Screeds offsetting weakness in Bricks & Masonry as Water Management builds a design-led pipeline for AMP8; Roofing Products fell to £63 million from £65 million with Marley facing softer demand and extra capacity while Viridian Solar grew and held margins.
The update was issued ahead of the company's Annual General Meeting at 11.00 am today.
