Marshalls PLC (LON:MSLH) has completed the permanent closure of certain sites but capacity was not materially reduced thanks to improved efficiency.
The landscape products group did not provide any numbers but said in May the restructuring could bring to 400 job cuts, around 15% of the total workforce. It did not say how much it cost.
READ: Marshalls plans jobs cuts after sales hit by coronavirus
The firm added recent trading has been better than expected and continues to improve, while now all sites are fully operational with social distancing measures.
Revenue for the six months ended June 30 was £210mln, 25% lower than last year, while the period ended with net debt of £53.9mln.
“While short-term forecasts will remain under some pressure we remain confident about the medium- to longer-term performance,” analysts at house broker Peel Hunt commented.
Shares were flat at 621.22p early on Thursday.