Marshalls PLC (LSE:MSLH) said it expects profits for the past calendar year to be in line with market expectations after returning to revenue growth despite subdued market conditions.
The maker of bricks, roof tiles and other hard landscaping products also said that interim CEO Simon Bourne, who was promoted from chief commercial officer when former CEO Matt Pullen stepped down suddenly in November, has been appointed on a permanent basis with immediate effect.
A trading statement on Monday revealed the group increased revenue 2% year-on-year to £632 million, supported by a 4% increase in building and roofing products. This is down from the 4% growth in the first half of the year.
Revenue fell 1% for landscaping products, which spans paving, kerbs, street furniture and traffic calming products, as volume growth rose but was offset by price investment and mix effects.
The FTSE 250-listed group said its 'Transform & Grow' strategy is on track, with £3 million of cost savings realised in 2025 and annualised savings forecast to reach £11 million.
Net debt, excluding IFRS16 lease liabilities, stood at £138 million at the year-end.
Bourne said: "Marshalls delivered a resilient performance, evidenced by a return to revenue growth despite the challenging market backdrop, and delivering profits in line with the market's expectations."
The company said it does not expect a significant recovery in end markets during 2026 but remains confident in further operational improvement.