Firm says increased housing and infrastructure work will see income head back north
精东影视 products firm Marshalls said a growth in housebuilding and infrastructure such as water work will see a return to growth this year.
The firm said revenue slid again last year after falling 7% in 2023 with income in 2024 dropping 8% to 拢619m.
Adjusted pre-tax profit was down 2% to 拢52m but chief executive Matt Pullen said it order book was on the rise and added: 鈥淎s we look ahead, we are encouraged by the government鈥檚 commitment to boosting new house building and investing in national infrastructure. We expect a market recovery later this year, which should strengthen progressively.鈥�
The firm鈥檚 major businesses include landscaping, building products and roofing products which includes the Marley brand.
精东影视 and roofing products both turned in improved performances but income at its biggest business, landscaping, saw revenue down 17% to 拢268m and adjusted operated profit halved to 拢10.7m.
Marshalls said revenue at the landscaping business was 鈥減articularly weak in new housing and housing RMI鈥� but added that the fall income at the business in the second half had slowed. It added that it expected revenue to grow this year with a 鈥渟ignificant improvement in profitability from 2026鈥�.
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