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Prices & Quotes - UK Markets - Marshalls (MSLH)

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Share Price:
Down 678.00p
Change Today:
-2.00p
Market Cap:
1,356.35m
Sector:
Construction & Materials

Marshalls 2020, 2021 turnouts to be 'modestly' above expectations

By Michele Maatouk

Date: Wednesday 13 Jan 2021

LONDON (ShareCast) - (Sharecast News) - Marshalls said on Wednesday that its out-turns for 2020 and 2021 are set to be "modestly" above current expectations as trading continues to improve.

The FTSE 250 landscaping products specialist said that since the half year, revenue growth has progressively improved and sales in the most recent months were ahead of the comparative figures for 2019. This was attributed to strong demand in the domestic end market, a return to more normal levels of trading in the public sector and commercial end market, and continued strong growth in the international market.

Group revenue for the year to the end of December 2020 came in at 469m, down from 542m in 2019.

Sales to the domestic end market rose 9% in the six months ended 31 December 2020 from the same period a year ago. Sales in the public sector and commercial end market were 6% lower, meanwhile. However, this was an improvement on the 28% decline seen in the first six months of the year and the level of commercial orders in the fourth quarter exceeds the prior year.

In the international business, sales were up 18%, supported by continuing strong sales from Marshalls NV in Belgium.

"Trading continues to improve and order books remain strong," Marshall said. "The board anticipates out-turns for 2020 and 2021 modestly above current expectations. We continue to monitor closely any risk to demand due to the worsening Covid situation in Q1. We are taking appropriate and timely measures to best mitigate any impact."

Marshalls also confirmed its intention to re-instate dividend payments, beginning with a final, full year dividend for 2020. "Distributions will be in line with the group's stated objective of dividends covered twice by earnings over the business cycle," it said.

The group said that as at the end of December 2020, it had net debt of 27m on a pre-IFRS 16 basis. This is significantly better than expected, it said, and is after both the repayment of 9.4m of furlough and 11.3m of deferred VAT in the final quarter of the year.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Marshalls Market Data

Currency UK Pounds
Price 678.00p
Change Today -2.00p
52 Week High 794.50p
52 Week Low 569.00p
Volume 19,034
Shares Issued 200.05m
Market Cap 1,356.35m

Performance Indicators

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What The Brokers Say

Strong Buy 2
Buy 1
Neutral 3
Sell 0
Strong Sell 0
Total 6
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Marshalls Dividends

  Latest Previous
  Final Interim
Ex-Div 03-Jun-21 17-Oct-19
Paid 01-Jul-21 04-Dec-19
Amount 4.30p 4.70p

Trades for 15-Jun-2021

Time Volume / Share Price
10:16 37 @ 678.50p
10:16 37 @ 678.00p
10:15 1,465 @ 678.36p
10:14 1,465 @ 678.37p
10:11 20 @ 678.50p

Marshalls Key Personnel

CEO Martyn Coffey