LONDON (ShareCast) - (Sharecast News) - Landscaping products specialist Marshalls said it was lifting 2021 expectations as like-for-like sales rose in October.
The company on Thursday said sales last month rose 5% and in the four months to October 31 had returned to the same level as 2019 on a like for like basis, driven by continued strong demand in the domestic end market, a return to more normal levels of public sector and commercial trade and strong growth in the international sector.

"Trading continues to improve and order books are robust," the company said.

The group repaid £9.4m received un the government's furlough scheme and reported better-than-expected net debt of £42.8m compared with £53.9m at the end of June.

"As a result of the good, recent trading levels we have not needed to access our additional bank facilities or the group's approved Covid Corporate Financing Facility commercial paper programme. Marshalls liquidity remains strong and will support our investment priorities going forward," it added.

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