Marshalls Plc (LON:MSLH) told investors that revenue improved by 10% in the four months ended April 30, with the group generating some £149mln up from £135mln in the comparative period in the previous year.
Nonetheless, the stone and landscaping products firm noted the negative impact of the severe weather conditions during the period, highlighting that snow and ice made ground working difficult and its factories were closed for a number of days.
The company estimated some £9mln of missed sales as a result of the weather though it added that sales in certain markets were strong in the weeks not impacted by the weather.
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Sales to domestic users, which represents around 29% of the whole business, were significantly impacted by the freeze – down 2% against the 2017 comparative – whereas the Public Sector and Commercial end market, which makes up the remainder of the business saw an 18% sales improvement.
“Notwithstanding the effects of the severe weather, the Board remains confident of delivering its 2018 expectations,” the company said in a statement.
In its outlook, the company did note the wider economic uncertainty though it told investors that it believes its innovative product range and strong market positions mean it is well placed for future growth.