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Marshalls profits up on subdued revenues
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Simon Bourne, chief executive officer, said, “We have delivered a resilient first half performance, despite subdued end markets, with adjusted profit growth delivered in line with expectations.
This reflects our reinvigorated focus on sharper execution, continued financial discipline and the benefits of actions taken through FY25 to create a leaner and more focused operating platform.
"Roofing Products continued to provide a strong contribution, driven by Viridian Solar and disciplined trading in Marley Roofing.
"Building Products was mixed, with Mortars & Screeds resilient and Water Management positioned for infrastructure-led growth, but weak new build housing demand weighed on both Bricks & Masonry and Water Management performance in the first half.
“We remain focused on what we can control: service, cost, cash, working capital and disciplined capital allocation.