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Marshalls 2018 Pretax Profit Rises; Revenue Up 14% - Quick Facts

Marshalls plc (MSLH.L) reported profit before tax of 62.9 million pounds for the year ended 31 December 2018 compared to 52.1 million pounds, prior year. Earnings per share was 26.08 pence compared to 21.37 pence.

Group revenue for the year ended 31 December 2018 was up 14 percent at 491.0 million pounds from 430.2 million pounds, previous year. The Group said this is a very positive result given the first 4 months of the year were affected by severe weather conditions. Revenue growth in the second half of the year was particularly strong at 17 percent, the Group noted.

Martyn Coffey, Chief Executive, said: "The Group delivered a strong result in 2018 and continues to outperform the Construction Products Association's growth figures, despite ongoing macro-economic and Brexit uncertainty. The CPA's recent Winter Forecast predicted a decrease in UK market volumes of 0.2 per cent in 2018, followed by an increase of 0.3 per cent in 2019. However, our recent trading has been strong and the underlying indicators in the New Build Housing, Road, Rail and Water Management markets remain supportive to our growth strategy and plans."

The Board recommended a final dividend of 8.00 pence per share which, together with the interim dividend of 4.00 pence per share, makes a total ordinary dividend of 12.00 pence per share, an increase of 18 percent for the year. The Board also recommended a supplementary dividend of 4.00 pence per share for 2018.

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