Marshalls
MSLH · Main Market · Construction and Materials · mcap £427m · 157.7p
Marshalls makes paving, landscaping, walling, drainage, roofing and solar products for homes, builders and infrastructure projects in the UK. It sells through three segments: Landscaping, Building and Roofing Products.
| Date | Type | Announcement | Day |
|---|---|---|---|
| 10 Aug 26 | Results | Half-year Results
H1 2026 adjusted profit grew 8.1% to £30.7m on flat revenue as Landscaping Products returned to profitability. |
−6.8% |
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in line with expectations expectations Revenue £317.8m (£319.5m)Adjusted EBITDA £44.0m (£42.9m)Adjusted operating profit £30.7m (£28.4m)Adjusted basic EPS 7.6 pence (6.6 pence)Pre-IFRS 16 net debt £136.8m (£151.6m)Interim dividend 2.5 pence (2.2 pence)
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| 07 Aug 26 | Notice of Investor Presentation
Marshalls to host live investor presentation on 21 August 2026 at 9:00am BST. |
+3.7% | |
| 03 Jul 26 | Director Declaration
Senior Independent Director Diana Houghton appointed as Non-Executive Director of Young & Co's Brewery. |
+0.3% | |
| 13 May 26 | Trading update | AGM Trading Update
Four-month revenue £205m, down 1% year-on-year; full-year expectations unchanged. |
+2.9% |
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in line expectations Group revenue (4 months) £205 million (£207 million)Landscaping Products revenue £86 million (£86 million)Building Products revenue £56 million (£56 million)Roofing Products revenue £63 million (£65 million)Pre-IFRS 16 net debt £167 million (£171 million)Undrawn revolving credit facility £107 million
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| 02 Apr 26 | Results | Annual Report
Annual Report and Accounts for year ended 31 December 2025 filed and made available to shareholders. |
−1.6% |
| 16 Mar 26 | Results | Final Results
Revenue grew 2% to £632.1m but adjusted profit before tax fell 16% to £43.7m; dividend cut 16%. |
+3.7% |
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in line expectations Revenue £632.1m (£619.2m)Adjusted EBITDA £85.0m (£97.8m)Adjusted profit before tax £43.7m (£52.2m)Adjusted basic EPS 13.4p (16.0p)Total dividend proposed 6.7p (8.0p)Pre-IFRS 16 net debt £137.9m (£133.9m)
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| 10 Mar 26 | Notice of Engage Investor Presentation
Marshalls to host live investor presentation on 20 March 2026 following final results announcement. |
+2.1% | |
| 19 Jan 26 | Trading update | Trading Statement
FY2025 revenue £632m, up 2% year-on-year, adjusted profit in-line with expectations despite subdued markets. |
−5.7% |
|
in-line expectations Group revenue £632 million (£621 million)Revenue growth +2%Pre-IFRS 16 net debt £138 million (£134 million)Landscaping Products annualised cost savings £11 millionLandscaping Products revenue £266 million (£268 million)Bank facility headroom £125 million
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| 19 Jan 26 | Board change | Directorate Change
Simon Bourne appointed permanent Chief Executive Officer with immediate effect following interim appointment in November 2025. |
−5.7% |
| 06 Jan 26 | Notice of Trading Update
Trading update for year ended 31 December 2025 to be issued on 19 January 2026. |
−0.8% | |
| 27 Nov 25 | Board change | Directorate Change
Matt Pullen steps down as CEO with immediate effect; Simon Bourne appointed Interim CEO. FY2025 expectations unchanged. |
+1.9% |
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New syndicated bank facility £270 million (existing facility due April 2027)
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| 12 Nov 25 | Trading update | Trading Update
Group revenue up two per cent to £548m for ten months to October 2025; full year expectations unchanged. |
+0.3% |
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Group revenue (ten months to October 2025) £548 million (£535 million)Landscaping Products revenue £232 million (£233 million)Building Products revenue £150 million (£143 million)Roofing Products revenue £166 million (£159 million)Pre-IFRS 16 net debt £155 million (£146 million)Annualised cost savings target (Landscaping improvement plan) £11 million
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| 30 Oct 25 | Notice of Trading Update
Marshalls will announce a trading update for the ten months ending 31 October 2025 on 12 November 2025. |
−1.7% | |
| 11 Aug 25 | Results | Half-year Results
Revenue grew 4% to £319.5m but adjusted operating profit fell 16% to £28.4m amid weak landscaping demand. |
−1.0% |
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Revenue £319.5m (£306.7m)Adjusted EBITDA £42.9m (£50.6m)Adjusted operating profit £28.4m (£34.0m)Adjusted EPS 6.6p (7.9p)Pre-IFRS 16 net debt £151.6m (£155.8m)Interim dividend 2.2p (2.6p)
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| 07 Aug 25 | Board change | Directorate Change
Paul Inman appointed Non-Executive Director and Audit Committee Chair designate; Graham Prothero to retire at 2026 AGM. |
+1.0% |
| 25 Jul 25 | Trading update | Trading Update
H1 revenue up 4% to £319m but profitability fell short; full-year profit guidance cut to £42-46m. |
−20.6% |
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fell short of original expectations expectations Revenue £319m (£307m)Landscaping Products revenue £135m (£137m)Building Products revenue £86m (£82m)Roofing Products revenue £98m (£88m)Pre-IFRS 16 net debt £152m (£134m)Adjusted profit before tax guidance 2025 £42-46m
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| 14 May 25 | Trading update | AGM Trading Update
Four-month revenue of £207m marks return to growth with improving trends across all segments. |
+1.9% |
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Revenue £207m (£199m)Landscaping Products revenue £86m (£89m)Building Products revenue £56m (£54m)Roofing revenue £65m (£56m)Pre-IFRS 16 net debt £171m (£134m)Undrawn revolving credit facility £140m
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| 03 Apr 25 | Results | Annual Report
Marshalls published its 2024 Annual Report and Notice of AGM scheduled for 14 May 2025. |
−1.6% |
| 17 Mar 25 | Results | Final Results
Full-year revenue fell 8% to £619.2m and adjusted profit before tax fell 2% to £52.2m despite market headwinds. |
−2.7% |
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Revenue £619.2m (£671.2m)Adjusted EBITDA £97.8m (£103.6m)Adjusted profit before tax £52.2m (£53.3m)Pre-IFRS 16 net debt £133.9m (£172.9m)Leverage 1.5x adjusted EBITDA (1.9x)Total dividend proposed 8.0 pence (8.3 pence)
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| 26 Feb 25 | Notice of Investor Presentation
Marshalls to host investor presentation on 21 March 2025 following final results announcement. |
+2.7% | |
| 21 Jan 25 | Full Year Trading Update and Notice of Results
Revenue down 8% to £619m in tough market; net debt reduced to £134m; profitability expected ahead in 2025. |
−7.4% | |
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within market expectations expectations Revenue £619 million (£671 million)Net debt (pre-IFRS 16) £134 million (£173 million)Landscaping revenue £268 million (£321 million)Roofing revenue £186 million (£180 million)Building Products revenue £165 million (£170 million)
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| 17 Jan 25 | Notice of Trading Update
Trading update for full year 2024 to be announced on 21 January 2025. |
+0.0% | |
| 19 Nov 24 | Capital Markets Event
Marshalls announces Transform and Grow strategy targeting market outperformance of 2-4% and 15% operating margin. |
+3.5% | |
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Operating margin target 15%Market outperformance target 2-4%Annual capital expenditure £20-30mTarget return on capital employed 15%Pre-IFRS net debt target range 0.5-1.5x EBITDA
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| 16 Oct 24 | Trading update | Q3 Trading Update
Q3 revenue down 3% YoY; Roofing Products grew 12% driven by Viridian Solar; net debt reduced to £149m. |
+12.5% |
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in line expectations YTD Group revenue £476m (£528m)Q3 like-for-like revenue growth -3% (-12% (H1))Roofing Products Q3 growth 12% (-5% (HY))Pre-IFRS 16 net debt £149m (£190m (Sept 2023))Landscape Products revenue £209m (£257m)Building Products revenue £128m (£133m)
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| 12 Aug 24 | Results | Half-year Results
H1 2024 revenue down 13% to £306.7m; adjusted EBITDA fell 14% to £50.6m; net debt reduced £28.8m; FY24 expected in line with prior guidance. |
−2.1% |
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in line expectations Revenue £306.7m (£354.1m)Adjusted EBITDA £50.6m (£58.8m)Adjusted operating profit £34.0m (£41.9m)Pre-IFRS 16 net debt £155.8m (£184.6m)Adjusted basic EPS 7.9p (10.2p)Interim dividend 2.6p (2.6p)
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| 07 Aug 24 | Notice of Investor Presentation
Marshalls to hold investor presentation on interim results via Investor Meet Company on 19 August. |
+0.6% | |
| 25 Jul 24 | Notice of Interim Results
Marshalls to announce interim results for six months ended 30 June 2024. |
+0.0% | |
| 15 May 24 | Trading update | Trading Statement
Revenue down 10% to £199m in first four months; net debt reduced to £175m; board expects 2024 profit in line with 2023. |
+2.4% |
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in line expectations Revenue (4 months to 30 April 2024) £199 million (£227 million)Pre-IFRS 16 net debt £175 million (£220 million)Landscape Products revenue £89 million (£110 million)Building Products revenue £54 million (£55 million)Roofing Products revenue £56 million (£61 million)
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| 10 Apr 24 | Results | Annual Report
Annual Report for 2023 published; AGM scheduled for 15 May 2024. |
+0.6% |
| 18 Mar 24 | Results | Final Results
Revenue fell 7% to £671.2m and adjusted profit before tax declined 41% to £53.3m in challenging market conditions. |
−8.5% |
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Revenue £671.2m (£719.4m)Adjusted EBITDA £103.6m (£136.0m)Adjusted profit before tax £53.3m (£90.4m)Adjusted basic EPS 16.7p (31.3p)Pre-IFRS 16 net debt £172.9m (£190.7m)Final dividend 5.7p (9.9p)
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| 18 Jan 24 | Trading update | Trading Statement
Revenue fell 7% to £671m due to lower house builder demand and subdued private housing activity. |
+3.4% |
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in line expectations Group revenue £671m (£719m)Revenue decline year-on-year -7%Like-for-like revenue decline -13%Pre-IFRS 16 net debt £173m (£191m)Annualised cost savings expected £11mSurplus land disposals proceeds £7m
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| 06 Dec 23 | Board change | CEO Succession
Matt Pullen appointed CEO Designate, taking over from Martyn Coffey on 1 March 2024. |
−0.3% |
| 07 Nov 23 | Statement re 2023 AGM Remuneration Report Vote
Remuneration report received 75.02% shareholder approval at May 2023 AGM; company responds to Corporate Governance Code requirement. |
−1.0% | |
| 03 Nov 23 | Director Declaration
Chair Vanda Murray appointed Non-Executive Director of Howden Joinery Group from 1 February 2024. |
−1.2% | |
| 18 Oct 23 | Trading update | Trading Statement
Nine-month revenue down 12% like-for-like; management expects full-year results in line with unchanged guidance. |
+3.7% |
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in line expectations Revenue (9m) £528m (£544m)Like-for-like revenue decline (9m) -12% (-13% (H1))Like-for-like revenue decline (Q3) -9% (-13% (H1))Net debt (pre-IFRS16) £190m (£222m (Sept 2022))Annualised cost savings target £9mLand disposal proceeds (YTD) £6m
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Company filings. Not investment advice.