Landscape products firm Marshalls "cautious" about short term outlook

Landscaping products firm Marshalls' revenue for the four months to 30 April was £103m, the same as in 2009.

Marshalls' headline revenue for the four months ending 30 April 2010 was in line with expectations at £103 million (2009: £103 million) despite the adverse impact on outdoor working conditions in January caused by the snow.

Like for like sales were very similar to last year, as were the proportions of sales to the public sector and commercial and domestic end markets, according to the firm's trading update.

A survey of domestic installers at the end of April 2010 revealed order books of 8.4 weeks (2009: 7.1 weeks) up from 6.8 weeks at the end of February 2010.

Meanwhile, board changes at Marshalls will take place immediately after its annual general meeting today (12 May).

Mike Davies and Richard Scholes will be stepping down from the board of directors and two new independent non-executive directors, Alan Coppin and Mark Edwards, will join the board.

Andrew Allner, who has been a board member since July 2003, will become Chairman of Marshalls.

Chief executive Graham Holden said: "Marshalls remains cautious about the short term outlook, but is encouraged by the positive impact of increasing Olympic demand and the recent commencement of previously delayed commercial contracts."

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