Huddersfield building suppliers Marshalls report 72% profit increase on last year
Huddersfield Building supplies group Marshalls plc has reported impressive results for the year, increasing revenue, and pretax profit by 72%.
The firm reported good revenue growth of 17% to £358.5 million (2013: £307.4 million). Profit before tax grew 72% to £22.4 million (2013: £13.0 million).
Sales to the public sector and commercial end market, which represent approximately 64% of Group sales, were up 20% for the year, on a continuing basis, compared with 2013.
Commenting on these results, Martyn Coffey, chief executive, said: “2014 has been a strong year for Marshalls with significant revenue and profit growth. Trading conditions remain positive and the Group continues to experience strong order intake and sales growth in all its end markets.
“The market outlook remains strong with the CPA’s current forecast for construction output standing at 5.3 per cent growth in 2015 and growth of 4.2%, 3.4% and 3.9% in the following 3 years.
“2015 has started well with sales in January and February up 13 per cent against the prior year comparatives. We are planning for further progress in 2015 against a background of continuing favourable market conditions.”
This was posted in Bdaily's Members' News section by Clare Burnett .
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular Yorkshire & The Humber morning email for free.