Marshalls (MSLH)

Sector:

Construction and Building Materials

Index:

FTSE 250

306.00p
   
  • Change Today:
    -4.00p
  • 52 Week High: 358.00p
  • 52 Week Low: 250.20p
  • Currency: UK Pounds
  • Shares Issued: 252.97m
  • Volume: 458,952
  • Market Cap: £774.08m
  • RiskGrade: 148
  • Beta: 1.65

Marshalls shares surge as sales growth contraction eases in Q3

By Frank Prenesti

Date: Wednesday 16 Oct 2024

LONDON (ShareCast) - (Sharecast News) - Shares in Marshalls surged as the landscaping and building materials supplier held annual guidance and indicated that the contraction on sales growth had eased in the third quarter amid a weak economic backdrop.
The company on Wednesday said group revenue for the third quarter was down 3%, compared with 12% for the half year. Sales over the year to the end of September were down 9%. Marshalls shares were up almost 14% in London trade.

Landscape products revenue fell 17% to £209m on a like for like basis. The contraction rate slowed in the quarter to 13% from the 19% reported at the half year, driven by a moderation in the decline in new house building and private housing repair, maintenance and improvement end markets.

In the building products unit, sales fell 4% to £128m, with the third quarter in line with 2023, while in roofing products revenue grew marginally to £139m from £138m a year ago.

Reporting by Frank Prenesti for Sharecast.com

Email this article to a friend

or share it with one of these popular networks:


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 306.00p
Change Today -4.00p
% Change -1.29 %
52 Week High 358.00p
52 Week Low 250.20p
Volume 458,952
Shares Issued 252.97m
Market Cap £774.08m
Beta 1.65
RiskGrade 148

Marshalls Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
35.65% below the market average35.65% below the market average35.65% below the market average35.65% below the market average35.65% below the market average
63.16% below the sector average63.16% below the sector average63.16% below the sector average63.16% below the sector average63.16% below the sector average
Price Trend
55.66% above the market average55.66% above the market average55.66% above the market average55.66% above the market average55.66% above the market average
23.08% below the sector average23.08% below the sector average23.08% below the sector average23.08% below the sector average23.08% below the sector average
Income
47.4% below the market average47.4% below the market average47.4% below the market average47.4% below the market average47.4% below the market average
72.41% below the sector average72.41% below the sector average72.41% below the sector average72.41% below the sector average72.41% below the sector average
Growth
57.35% below the market average57.35% below the market average57.35% below the market average57.35% below the market average57.35% below the market average
61.11% below the sector average61.11% below the sector average61.11% below the sector average61.11% below the sector average61.11% 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
  Interim Final
Ex-Div 24-Oct-24 06-Jun-24
Paid 02-Dec-24 01-Jul-24
Amount 2.60p 5.70p

Trades for 13-Dec-2024

Time Volume / Share Price
16:35 1,477 @ 306.00p
16:35 55,147 @ 306.00p
16:35 253 @ 306.00p
16:35 245 @ 306.00p
16:35 1,218 @ 306.00p

Marshalls Key Personnel

CFO Justin Lockwood
CEO Matt Pullen

Top of Page