Marshalls announced a new strategic focus along with medium-term financial targets centred on market outperformance. The Group expects its new strategic focus to deliver over the medium term a high-performing business capable of outperforming the wider construction market by between two and four percent and delivering an operating margin of 15 percent. The strategy is capital-lite with annual capital expenditure of between 20 million pounds and 30 million pounds and a targeted return on capital employed of 15 percent. The Group also issued a pre-IFRS net debt target range of between 0.5 time and 1.5 times EBITDA.
Matt Pullen, Chief Executive, said: "We are excited today to unveil Marshalls' refreshed strategic focus which will deliver a business capable of sustained market outperformance. It is a strategy that builds on the unique set of capabilities that our customers value: our leading brands; best in class technical design and support; and carbon leadership."
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