{"id":142812,"date":"2024-08-13T09:46:03","date_gmt":"2024-08-13T08:46:03","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=142812"},"modified":"2024-08-13T10:08:14","modified_gmt":"2024-08-13T09:08:14","slug":"marshalls-half-year-review-talks-new-strategic-positioning","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/marshalls-half-year-review-talks-new-strategic-positioning\/142812\/","title":{"rendered":"Marshalls’ Half Year Results talk of a new strategic positioning"},"content":{"rendered":"

Marshalls have released their Half Year Results and Outlook, outlining the company’s performance and new strategic positioning for the future<\/h2>\n

Marshalls<\/a> have released their Half Year Results, detailing a mixed bag of performance and the resulting changes in strategy that will be taking place.<\/p>\n

The results are for the half way point of 2024, and are compared to the second half of 2023 to track performance.<\/p>\n

Revenue is down<\/h3>\n

Marshalls’ revenue for the first half of 2024 (H1 2024) is down by 13%, with drops in adjusted operating profits (-19%), adjusted PBT (-20%), and adjusted basic EPS (-23%) among the reported financials.<\/p>\n

However, the company has also reduced their debt by nearly \u00a329m.<\/p>\n

This is largely due to the company struggling in certain markets. The operating profit for the group is down by 18.8% on the last report.<\/p>\n

Marshalls’ Half Year Results detail new strategy<\/h3>\n

In spite of less than stellar performance in the last half a year, the company is optimistic for the medium and long term, detailing changes to be made to bring about growth.<\/p>\n

Part of the optimism is due to the government gradually building up legislation to support construction and build 1.5m homes.<\/p>\n

The anticipated growth in building means that demand for Marshalls products and services is expected to rise as well.<\/p>\n

Marshalls’ more recent acquisition, such as Viridian Solar and acquisitions in water management, is also expected to profit from this rise, as more and more sustainable solutions are sought after.<\/p>\n

Marshalls’ Half Year Results also highlights the increasing adoption of concrete bricks over traditional bricks as a more sustainable option, and with their own carbon-sequestered bricks, they are confident that both their investments and their products will bring them growth, especially into 2025.<\/p>\n

With that, they will particularly lean into their landscaping and roofing<\/a> assets, as well as developing\/offering sustainable solutions.<\/p>\n

\n<\/div>","protected":false},"excerpt":{"rendered":"

Marshalls have released their Half Year Results and Outlook, outlining the company’s performance and new strategic positioning for the future.<\/p>\n","protected":false},"author":32,"featured_media":142840,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[304],"tags":[908,431,701],"stakeholder_rel_tag":[],"contributor_rel_tag":[],"class_list":{"0":"post-142812","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-planning-construction-news","8":"tag-economy","9":"tag-plant-equipment-supplies","10":"tag-supply-chain"},"acf":[],"yoast_head":"\nMarshalls' Half Year Results talk of a new strategic positioning<\/title>\n<meta name=\"description\" content=\"Marshalls have released 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