Marshalls announced revenue from continuing operations for the four months ended 30 April 2014 was up 22% at £113 million (2013: £93 million). This compares with a 9% reduction for the same four month period last year. Compared with 2012, the continuing revenue for the four months ended 30 April 2014 represents an increase of 10%.
Marshalls says it has experienced a strong start in 2014 and if the same market conditions continue it is likely that the full year results will be above current market expectations.
Highlights
- Sales to the public sector and commercial end market (which now represent approximately 62% of Marshalls' sales) were up 19%.
- Sales to the domestic end market, which represent approximately 32% of sales, were up 19% compared with the same period last year.
- The survey of Marshalls' Register installers at the end of April 2014 show average order books of 11.5 weeks (2013: 8.5 weeks) and compared with 9.3 weeks at the end of February 2014.
- International business increases 65% in the four months and now represents 6% of sales.
Outlook
Marshalls says the outlook is now increasingly positive in all major end markets and is increasing output to meet growing demand.
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