Marshalls interim profit jumps; eyes no "material" recovery in outlook
(Alliance News) - Marshalls PLC on Monday reported a rise in interim profit and maintains its annual outlook, with the company seeing "no material market recovery" in the offing in the second half.
The Yorkshire, England-based maker of hard landscaping products said pretax profit in the first half of 2026 climbed 68% to GBP19.7 million from GBP11.7 million.
Adjusted pretax profit rose 13% to GBP24.9 million from GBP22.0 million, while adjusted earnings before interest, tax, depreciation and amortisation rose 2.6% to GBP44.0 million from GBP42.9 million.
Revenue however fell 0.5% to GBP317.8 million from GBP319.5 million, amid "subdued end markets".
Chief Executive Officer Simon Bourne noted that weak new build housing demand weighed on Bricks & Masonry and Water Management performance in the first half.
The company announced an interim dividend of 2.5 pence per share, up 14% from 2.2p a year prior.
CEO Bourne said: "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."
Net operating costs were 3.0% lower at GBP292.3 million from GBP301.4 million.
CEO Bourne said: "We remain focused on what we can control: service, cost, cash, working capital and disciplined capital allocation. We are not factoring a material market recovery into our second half assumptions, and the operational progress delivered to date, together with the strength of our diversified portfolio, supports the board's confidence in the group's outlook for the full year and our medium-term growth potential."
Marshalls shares fell 2.5% to 176.80 pence each on Monday morning in London.
By Tom Budszus, Alliance News slot editor
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