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Sparks commentary

Industrials

Sparks

Marshalls (LSE: MSLH) sees improvement in Q3 versus H1
Published by Andy Murphy

Marshalls’ Q3 revenue decline of 3% y-o-y marks a significant improvement compared to the c 12% decline posted in H1, driven by growth in roofing products, while building products were flat and landscape products declined, albeit at a lower rate than previously. The balance sheet improved with net debt down materially to £149m and the company confirmed that it expected full-year results to be in line with previous board expectations. Marshalls will host a capital markets day on 19 November, at which it will update its strategy for growth.

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