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Results: MSLH

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EPIC MSLH
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Marshalls – “in-line with current market expectations”, but for how long does that mean?

Landscape, building and roofing products manufacturer and supplier Marshalls (MSLH) has issued a trading statement commencing that “revenue for the year ended 31 December 2022 was £719 million (2021: £589 million)” and including that it “expects to deliver adjusted profit before tax for the full year that is in-line with current market expectations”. The shares have currently responded up to around 325p, but why still far below the 500p+ of even last summer?
EPIC MSLH
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Marshalls – profit warning, and a further difficult trading outlook from here?

Describing itself as “the UK's leading manufacturer of superior natural stone and innovative concrete hard landscaping products” Marshalls (MSLH) has issued a trading statement commencing that “Group revenue for the nine months ended 30 September 2022 was £544 million (2021: £453 million)” and also including “a particularly strong performance from the Bricks & Masonry business… Marley (pitched roofing)… grew in the third quarter… the group's balance sheet continues to be robust”. So what of a current circa 250p share price, down more than 17%?!

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