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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Marshalls Plc | MSLH | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 2.50 | 0.95% | 265.00 | 15:35:18 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 261.50 | 260.00 | 265.50 | 262.50 |
| Industry Sector |
|---|
| CONSTRUCTION & MATERIALS |
| Top Posts |
|---|
Posted at 16/8/2023 08:08 by waldron Outlook-- The challenging trading environment is expected to persist in the second half of the year and into 2024 -- Against this backdrop, the Board will continue to focus on actions to minimise cost, improve agility and control cash flows alongside ensuring that the business is well positioned to respond when the Group's end markets s tart to recover -- The Board remains confident that these actions, together with the long-term market growth drivers and a focus on executing key strategic initiatives, will underpin a material improvement in profitability when market conditions normalise Commenting on the results, Martyn Coffey, Chief Executive, said: "Market conditions in new house building and private housing RMI were challenging in the first half of the year, which led to a material reduction in volumes across all three of our reporting segments. This resulted in a significant decline in Group profitability compared to the first half of 2022. We have responded by taking action to improve our agility, reduce capacity, take cost out of the business, and manage cash. Regrettably, these actions necessitated in a reduction of approximately 250 roles across the organisation. However, we have been careful to ensure that we have sufficient latent manufacturing capacity that will allow us to respond quickly when there is an improvement in market conditions. Our refreshed strategy is underpinned by our strong market positions, established brands and focused investment plans to drive ongoing operational improvement. Notwithstanding short-term challenges, the Board remains confident that the long-term market growth drivers and a focus on executing key strategic initiatives, will underpin a material improvement in profitability when market conditions normalise." There will be a live presentation today at 09:00am at the offices of Peel Hunt for analysts and investors, which will also be webcast live. The presentation will be available for analysts and investors who are unable to view the webcast live and can be accessed on Marshalls' website at www.marshalls.co.uk . Users can register to access the webcast using the following link: There will also be a telephone dial in facility available Tel: UK-Wide: +44 (0) 33 0551 0200 and quote password "Marshalls HY Results" if prompted by the operator. |
Posted at 12/7/2023 16:13 by waldron Updated Wed, Jul 12 202310:34 AM EDT European markets surge as U.S. inflation cools by more than expected Elliot Smith This is CNBC’s live blog covering European markets. LONDON — European markets surged on Wednesday afternoon as investors reacted to a cooler-than-expected U.S. inflation reading, which could have significant bearing on the Federal Reserve’s interest rate path. |
Posted at 03/5/2023 18:29 by neutralpov Back to MSLH.lonYou do know that since now gives a blank for both market segment and sector, this stock will drop off the radar for many investors? @ Morningstar too. |
Posted at 12/10/2022 23:06 by my retirement fund Another company that failed to fix the roof whilst the sun was shining. This could easily require a fundraising but the issue I suspect is no investors would support it whilst energy prices remain uncertain. The best thing they can hope for is for the Ukraine war to end. |
Posted at 07/10/2022 08:53 by bubloo has anyone got details of how to log on to investor call today. their inefficiency shows as there telephone number provided to get log in details does not work and no response on email provided.please can someone post the details of how to log in if you have managed to get them |
Posted at 07/10/2022 07:20 by waldron Marshalls will host a conference call for investors and analysts at 9am on 7 October 2022 (today). Please contact MHP Communications via Marshalls@mhpc.com or 020 3128 8666, to receive the conference call details. |
Posted at 07/10/2022 07:17 by waldron 7 October 2022Marshalls plc ('Marshalls' or 'Group') Trading update This announcement contains inside information Group revenue for the nine months ended 30 September 2022 was GBP544 million (2021: GBP453 million), which represents year-on-year growth of 20 per cent including the benefit of the acquisition of Marley. On a like-for-like basis, Group revenue growth was four per cent. The Group's segmental performance followed the trends that we reported at our results for the half year ended 30 June 2022, with the more positive backdrop within Marshalls Building Products and Marley offset by the continuation of tougher trading conditions in Marshalls Landscape Products, which has greater exposure to the discretionary element of private housing RMI. Marshalls Building Products has seen revenue growth of 22 per cent to GBP149 million (2021: GBP123 million) in the nine-month period, with a particularly strong performance from the Bricks & Masonry business. Demand has remained robust throughout the third quarter, with revenue growth at a similar level to the first half of the year. Marley delivered revenue of GBP84 million in the post-acquisition period, which represents growth of nine per cent compared to the corresponding period in 2021. The business grew in the third quarter, albeit the rate of growth moderated due to a combination of a softer market backdrop and destocking in the distribution channel, however the business continues to trade ahead of our expectations at the time of the acquisition. Marshalls Landscape Products has continued to face tough trading conditions and reported revenue of GBP311 million (2021: GBP330 million) in the nine-month period, which represents a reduction of six percent. The rate of contraction increased in the third quarter to 16 per cent compared to one per cent at the half year, due to a marked softening of demand for private housing RMI in both the UK and international markets and destocking in the distribution channel. We have responded by reducing our manufacturing output to manage inventory levels, which has impacted the efficiency of our factories in the short term. These actions will reduce capacity and costs within our manufacturing network and trading function to ensure alignment with lower levels of demand and this is expected to reduce operating costs by around GBP10 million per annum from the start of 2023. In the medium term, we continue to target returning this business to a 15 per cent plus operating margin. The Group's balance sheet continues to be robust, with pre-IFRS16 net debt to proforma EBITDA expected to be approximately 1.5 times at the year end, and we maintain good headroom against our bank facility and its covenants, which will support investment priorities going forward. We continue to effectively mitigate cost inflation through price increases. However, taking into account the combined impact of the accelerated rate of revenue contraction in Marshalls Landscape Products in the third quarter and the reduction in efficiency resulting from lower manufacturing output in this reporting segment, the Board now anticipates that the outturn for the Group as a whole will be slightly below the bottom end of the current range of market expectations*. *Company compiled market consensus is GBP98.5 million with a range of GBP95.1 million to GBP101.0 million. Marshalls will host a conference call for investors and analysts at 9am on 7 October 2022 (today). Please contact MHP Communications via Marshalls@mhpc.com or 020 3128 8666, to receive the conference call details. Certain information contained in this announcement would have constituted inside information (as defined by Article 7 of Regulation (EU) No 596/2014), as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018) ("MAR") prior to its release as part of this announcement and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations. Enquiries: Chief Executive Martyn Coffey Chief Financial Justin Lockwood Officer Marshalls plc +44 (0)1422 314777 +44 (0)20 3128 Andrew Jaques MHP Communications 8540 Charlie Barker Note to the Editor: About Marshalls plc: Established in the late 1880s, Marshalls plc is the UK's leading manufacturer of superior natural stone and innovative concrete hard landscaping products, supplying the construction, home improvement and landscape markets. Marshalls provides the product ranges, design services, technical expertise, innovative ideas and inspiration to transform gardens, drives and public and commercial landscapes. Following the acquisition of Marley, the Group is now also a leader in the manufacture and supply of pitched roofing systems, including clay and concrete tiles, timber battens, roof integrated solar solutions and roofing accessories. The Group operates its own quarries and manufacturing sites throughout the UK, including a national network of manufacturing and distribution sites, and has operations in Belgium and sales representation in other international markets. As a major plc, Marshalls is committed to quality in everything it does, including the achievement of high environmental and ethical standards and continual improvement in health and safety performance. |
Posted at 22/9/2022 07:39 by sarkasm Marshalls is today hosting a Capital Markets Day for investors and analysts at its Marley site in Burton upon Trent.The day is intended to provide an update on Marshalls strategy and opportunities for future growth, following the acquisition of Marley earlier this year. The presentation materials will be available under the investor relations section of the Marshalls website: www.marshalls.co.uk/ No new material trading information will be disclosed. |
Posted at 12/7/2022 08:23 by the grumpy old men The Board also confirms that its expectations for the Group for the current financial year are in line with market expectations.Notice of results Marshalls will announce its half year results for the six months ended 30 June 2022 on 18 August. As communicated on 11 May 2022, following the acquisition of Marley, the Board carried out a review of the Group's financial reporting segments and concluded that going forward it will report under the following three segments, effective from the publication of its 2022 half year results: -- Marshalls Landscape Products; -- Marshalls Building Products; and -- Marley Roofing Products. Alongside this new reporting format, the Group will present details of the end markets served by each reporting segment to illustrate the enlarged Group's broad coverage of the sub sectors spanning the construction market. Capital Markets Day Marshalls will also hold a Capital Markets Day for investors and analysts on 22 September 2022 at its Marley Site in Burton upon Trent. The day will comprise an update on the Group's five-year strategy, including a deep dive on the Marley acquisition, together with a tour of the site. To register your interest and for further details, please contact MHP Communications via Marshalls@mhpc.com. |
Posted at 07/5/2022 07:02 by adrian j boris Next AGM11 May 2022 07:00:00 |
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