Marshalls (MSLH)

Sector:

Construction and Building Materials

Index:

FTSE 250

274.80p
   
  • Change Today:
      10.20p
  • 52 Week High: 333.00
  • 52 Week Low: 198.00
  • Currency: UK Pounds
  • Shares Issued: 252.97m
  • Volume: 408,265
  • Market Cap: £695.16m
  • RiskGrade: 148

Marshalls shares fall as domestic demand weakens

By Frank Prenesti

Date: Wednesday 11 May 2022

LONDON (ShareCast) - (Sharecast News) - Shares in landscaping products supplier Marshalls fell on Wednesday as labour shortages offset strong consumer demand in its domestic division.


Group revenue for the four months to April 30 rose 7% to £201m against the same period last year, supported by the price increases at the start of this year.

Sales in public sector and commercial end market were up 14% to £137m and accounted for 68% of group revenue, with a strong new build housing market underpinning demand, Marshalls said on Wednesday.

However, domestic end-market sales fell 8% to £52m due to a lower installer capacity in March and April, as workers took more holidays compared to 2021 when the country was in lockdown. Shares in the company fell 9% on the news.

"The comparative picture is expected to progressively normalise during the remainder of the year," Marshalls said.

Looking ahead, the demand outlook has weakened, with the Construction Products Association lowering its growth forecast for the UK to 2.8% in 2022 and 2.2% next year from previous guidance of 4.3% and 2.5%, reflecting a more uncertain trading environment.

"The group continues to operate in an inflationary environment and it remains confident that input cost increases can be passed on through the supply chain," Marshalls said.

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

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Marshalls Market Data

Currency UK Pounds
Share Price 274.80p
Change Today 10.20p
% Change 3.85 %
52 Week High 333.00
52 Week Low 198.00
Volume 408,265
Shares Issued 252.97m
Market Cap £695.16m
RiskGrade 148

Marshalls Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
6.48% below the market average6.48% below the market average6.48% below the market average6.48% below the market average6.48% below the market average
56.1% below the sector average56.1% below the sector average56.1% below the sector average56.1% below the sector average56.1% below the sector average
Price Trend
12.91% below the market average12.91% below the market average12.91% below the market average12.91% below the market average12.91% below the market average
46.34% below the sector average46.34% below the sector average46.34% below the sector average46.34% below the sector average46.34% below the sector average
Income
0.63% above the market average0.63% above the market average0.63% above the market average0.63% above the market average0.63% above the market average
64.71% below the sector average64.71% below the sector average64.71% below the sector average64.71% below the sector average64.71% below the sector average
Growth
65.56% below the market average65.56% below the market average65.56% below the market average65.56% below the market average65.56% below the market average
70.73% below the sector average70.73% below the sector average70.73% below the sector average70.73% below the sector average70.73% below the sector average

What The Brokers Say

Strong Buy 3
Buy 1
Neutral 2
Sell 1
Strong Sell 0
Total 7
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 06-Jun-24 19-Oct-23
Paid 01-Jul-24 01-Dec-23
Amount 5.70p 2.60p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 356 @ 274.80p
16:35 356 @ 274.80p
16:35 228,164 @ 274.80p
16:35 369 @ 274.80p
16:35 645 @ 274.80p

Marshalls Key Personnel

CFO Justin Lockwood
CEO Matt Pullen

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