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DIY is path to 7% lift at Marshalls

13 April 2012

PAVING specialist Marshalls' booming DIY business will help to boost profits for the past year by 7%.

In a trading statement today, the company reported sales of £349m and said it expects profits to be 'comfortably ahead' of 2002. The domestic, commercial and public sectors had all performed strongly, it added.

Chairman Christopher Burnett said the improved profitability flowed from capital investment of £100m over the past three years.

'With the other actions we are taking in our relentless drive to lower operating costs, together with our marketing and development programmes, we are confident of maintaining our market leadership position,' he said.

All Marshalls' divisions achieved sales growth - landscape products increased by 7%, clay products 6% and natural stone 14%.

The company said its order books were healthy, with strong consumer demand for its products and a positive outlook for the commercial and public sectors.

The group will report preliminary results on 5 March.

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