Trading update says numbers will improve in line with market recovery

精东影视 products firm Marshalls has said turnover last year will be down 8% when it reports its 2024 results in the spring.

In a trading update, the firm said revenue is expected to be 拢619m 鈥� down from the previous year鈥檚 figure of 拢671m.

The biggest fall was at its landscaping business where income slumped 17% which it said 鈥渞eflects lower demand from house builders and continued subdued activity in private housing RMI鈥�.

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Marshalls said revenue was down primarily because of a subdued housing market

But building products revenue was down by just 3% at 拢165m while its roofing business saw turnover rise 4% to 拢186m.

It said year-end debt was down to 拢134m, from 拢173m in 2023.

It added: 鈥淭he Group鈥檚 business units are well positioned to capitalise on the market recovery, which is expected to build progressively through the year.

鈥淭he Board believes that profitability in 2025 will be ahead of FY2024 with the rate of growth subject to the pace of market recovery.鈥�

The firm will announce its full year results on 17 March.

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